Problem
This year KRJ Enterprises reported net operating profits after tax of $159 million and it expects its NOPAT to increase by 6% next year. The company also reported net operating assets (NOA) of $677 million and expects NOA to increase by 4% next year. What would be the forecasted amount of free cash flow (in $ millions) for next year? Present your answer rounded to one decimal place, e.g., $56.7.