GEICO, the number-two auto insurer with $13 billion in revenue last year, spent $1.2 billion on advertising that year and plans to continue spending the same percentage of sales on advertising next year. The average advertising-to-sales ratio for the insurance industry is 0.2 percent of sales. If GEICO projects $15 billion in sales next year, using the percentage-of-sales method of advertising budgeting, how much will the company budget for advertising if basing it on projected sales? GEICO's advertising-to-sales ratio for last year is (Round to four decimal places.) Using the advertising-to-sales ratio for last year, GEICO will budget $ billion for advertising next year. (Round to one decimal place.)