The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. 5:37 SCOTT, INC. 2019 Income Statement Sales Costs Other expenses $ 761,000 617,000 28,000 Earnings before interest and taxes Interest expense Taxable income Taxes (23%) $ 116,000 13,200 $102,800 23,644 Net income $ 79,156 Dividends Addition to retained earnings $27,640 51,516 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,040 Accounts payable $ 60,600 Accounts receivable 34,440 Notes payable 17,000 Inventory 71,240 Total $ 77,600 Total $ 130,720 Long-term debt $109,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $108,000 $218,000 54,120 Total $ 162,120 Total assets $348,720 Total liabilities and owners' equity $348,720 What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) EFN