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 $ 772,000 Costs 628,000 Other 33,500 expenses Earnings before interest and $ \"0500 taxes Interest 17,600 expense . Taxable $ 92,900 Income Taxes (24%) 22,296 . Net $ 70,604 Income Dividends$19,940 Addition to retained 50,664 earnings SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current Current assets liabilities Accounts Cash 26,140 65,000 payable Aocounts 35,650 Notes 20,300 receivable payable Inventory 72,230 Total 85,300 Total 134,020 Long'term 120,000 debt Owners' equity Common Fixed stock_ and 1 19,000 assets paid-in surplus Net plant . and 229,000 Reftamed 38,720 . earnings equnpment Total 157,720 Total Total liabilities 363,020 and 363,020 assets , owners equity What is the EFN if the rm 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.]