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The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2011 are projected to grow by 15.0%. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at 90.0% capacity in 2010 and no new debt or equity is planned to be issued. MOOSE TOURS, INC. 2011 Income Statement Sales Costs Other expenses EBIT Interest expense Taxable income Taxes (40%) Net income $746,000 $581,000 $17,000 $ 148,000 $ 14,000 $134,000 $53,600 $80,400 Dividends Additions. to retained earnings $21,440 $58,960 MOOSE TOURS, INC. Balance Sheet as of December 31, 2011 Assets Current assets Cash Accounts receivable Inventory Total Current Assets $20.540 $32.860 $69,820 $123,220 Liabilities & Equity Current liabilities Accounts payable $54.700 Notes payable $13,900 Total Current Liabilities $68,600 Long-term debt $129.000 Owners' equity Fixed assets Net plant & equipment $462,000 Common stock & paid-in surplus Retained earnings Total Equity $115,000 $272,620 $387,620 Costs Other expenses EBIT Interest expense Taxable income Taxes (40%) Net income $581,000 $17,000 $148,000 $14,000 $134,000 $53,600 $80,400 Dividends Additions, to retained earnings $21,440 $58,960 MOOSE TOURS, INC. Balance Sheet as of December 31, 2011 Assets Current assets Cash Accounts receivable Inventory Total Current Assets $20,540 $32,860 $69.820 $123,220 Liabilities & Equity Current liabilities Accounts payable $54,700 Notes payable $13,900 Total Current Liabilities $68,600 Long-term debt $129,000 Owners' equity Fixed assets Net plant & equipment $462,000 Common stock & paid-in surplus Retained earnings Total Equity $115,000 $272 620 $387,620 Total assets $585,220 Total liabilities & equity $585,220 What is the EFN assuming that fixed assets will only change if Next Year's Sales exceed Full Capacity Sales? (Negative amount should be Indicated by a minus sign. Do not round Intermedlate calculations and round your final answer to the nearest whole dollar amount. (e.g., 32)) EFN $ The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2011 are projected to grow by 15.0%. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at 90.0% capacity in 2010 and no new debt or equity is planned to be issued. MOOSE TOURS, INC. 2011 Income Statement Sales Costs Other expenses EBIT Interest expense Taxable income Taxes (40%) Net income $746,000 $581,000 $17,000 $ 148,000 $ 14,000 $134,000 $53,600 $80,400 Dividends Additions. to retained earnings $21,440 $58,960 MOOSE TOURS, INC. Balance Sheet as of December 31, 2011 Assets Current assets Cash Accounts receivable Inventory Total Current Assets $20.540 $32.860 $69,820 $123,220 Liabilities & Equity Current liabilities Accounts payable $54.700 Notes payable $13,900 Total Current Liabilities $68,600 Long-term debt $129.000 Owners' equity Fixed assets Net plant & equipment $462,000 Common stock & paid-in surplus Retained earnings Total Equity $115,000 $272,620 $387,620 Costs Other expenses EBIT Interest expense Taxable income Taxes (40%) Net income $581,000 $17,000 $148,000 $14,000 $134,000 $53,600 $80,400 Dividends Additions, to retained earnings $21,440 $58,960 MOOSE TOURS, INC. Balance Sheet as of December 31, 2011 Assets Current assets Cash Accounts receivable Inventory Total Current Assets $20,540 $32,860 $69.820 $123,220 Liabilities & Equity Current liabilities Accounts payable $54,700 Notes payable $13,900 Total Current Liabilities $68,600 Long-term debt $129,000 Owners' equity Fixed assets Net plant & equipment $462,000 Common stock & paid-in surplus Retained earnings Total Equity $115,000 $272 620 $387,620 Total assets $585,220 Total liabilities & equity $585,220 What is the EFN assuming that fixed assets will only change if Next Year's Sales exceed Full Capacity Sales? (Negative amount should be Indicated by a minus sign. Do not round Intermedlate calculations and round your final answer to the nearest whole dollar amount. (e.g., 32)) EFN $