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Problem 3-21 Calculating EFN The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 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. CROSBY, INCORPORATED 2021 Income Statement Sales $ 760,000 Costs 595,000 Other expenses 31,000 Earnings before interest and taxes $ 134,000 Interest expense 27,000 Taxable income $ 107,000 Taxes (22%) 23,540 Net income $ 83,460 Dividends $ 25,038 Addition to retained earnings 58,422 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,940 Accounts payable $ 56,100 Accounts receivable 44,880 Notes payable 15,300 Inventory 104,960 Total $ 71,400 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,940 Accounts payable $ 56,100 Accounts receivable 44,880 Notes payable 15,300 Inventory 104,960 Total $ 71,400 Total $171780 Long-term debt $ 143,000 Fixed assets Owners' equity Net plant and equipment $ 436,000 Common stock and paid-in surplus $ 121,000 _ Retained earnings 272,380 Total $ 393,380 Total assets 607,780 Total liabilities and owners' equity $ 607780 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 25 percent growth rate in sales? (Do not round intermediate calculations and round your answer to the nearest whole number, e.qg., 32.) EFN $ 57,382