The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 30 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 Costs Other expenses $ 768,000 624,000 31.500 Earnings before interest and taxes Interest expense $ 112,500 16,000 Taxable income Taxes (25%) $ 96,500 24.125 Net income $ 72,375 Dividends Addition to retained earnings $22.740 49,635 Assets Current assets Cash Accounts receivable SCOTT, INC Balance Sheet as of December 31, 2019 Liabilities and Owners' Equity Current liabilities $ 25,740 Accounts payable $ 63.400 35,210 Notes payable 19,100 Inventory 71,870 Total $ 82,500 Total $ 132,820 Long-term debt $ 116,000 Fixed assets Net plant and equipment Owners' equity Common stock and paid-in surplus $ 115,000 Retained earnings 44,320 $225,000 Total $ 159,320 Total assets $ 357,820 Total liabilities and owners' equity $357.820 Vhat 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.)