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Based on the actual financial data for 2010 and projections for 2011 for Blue Scholar Learning (BSL), as shown below, what is BSL's projected free

Based on the actual financial data for 2010 and projections for 2011 for Blue Scholar Learning (BSL), as shown below, what is BSL's projected free cash flow (in $ millions) for 2011?

Blue Scholar Learning, Incorporated (BSL)
5-year Financial Projection
($ millions)
Actual 2010 2011 2012 2013 2014 2015
Income Statement
Net sales 1,996 2,267 2,508 2,827 3,138 3,571
Cost of sales 644 742 830 959 1,087 1,241
Gross income 1,352 1,525 1,678 1,868 2,051 2,330
Depreciation 492 785 1,061 1,301 1,009 917
Interest expense 171 178 191 175 142 110
Operating expenses 212 239 270 306 334 374
Net income before tax 477 323 156 86 566 929
Provision for taxes 186 126 61 34 221 363
Net income after tax 291 197 95 52 345 566
Balance sheet
Total current assets 1,121 1,234 1,412 1,650 1,923 2,179
Gross property and equipment 4,180 5,149 6,410 7,449 8,200 9,016
Accumulated depreciation 868 1,654 2,714 4,015 5,024 5,941
Net property and equipment 3,312 3,495 3,696 3,434 3,176 3,075
Goodwill 1,069 1,069 1,069 1,069 1,069 1,069
Total assets 5,502 5,798 6,177 6,153 6,168 6,323
Accounts payable 104 77 91 110 117 135
Short-term debt 335 482 842 814 585 393
Current portion long-term debt 41 140 165 200 223 267
Accrued expenses 86 97 120 134 174 168
Total current liabilities 566 796 1,218 1,258 1,099 963
Long-term debt 1,694 1,554 1,389 1,189 966 699
Deferred taxes 335 334 370 454 505 496
Shareholders' equity 2,907 3,104 3,200 3,252 3,598 4,165
Total liabilities and equity 5,502 5,798 6,177 6,153 6,168 6,323

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