Free Cash Flow
The 2015 income statement for Duffy’s Pest Control shows that depreciation expense was $198 million, EBIT was $506 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,576 million and net operating working capital was $418 million. At the end of the year, gross fixed assets was $1,824 million. Duffy’s free cash flow for the year was $419 million. Calculate the end-of-year balance for net operating working capital. (Enter your answer in millions of dollars rounded to 1 decimal place.)