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. SCOTT, INC. 2019 Income Statement Sales $ 764,000 Costs 620,000 Other expenses 29,500 Earnings before interest $ 114,500 and taxes Interest expense 14,400 Taxable income Taxes (219) $ 100,100 21.021 Net income $ 79,079 Dividends Addition to retained earnings $25,540 53.539 SCOTT, INC Balance Sheet as of December 31, 2019 Assets Llabilities and Owners' Equity Current assets Current liabilities Cash $ 25,340 Accounts payable $ 61,800 Accounts receivable 34.770 Notes payable 17,900 Inventory 71.510 Total $ 79,700 Total $ 131,620 Long-term debt $112.000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $111.000 $ 221.000 49.920 Total $ 160.920 Total assets $352 620 Total abilities and owners equity $352,620 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, 9.32) EFN