You have been asked to estimate the expected free cash flow to the firm next year of Lymon Enterprises, a beverage company. The firm has reported the following:

• The earnings before interest and taxes in the most recent year amounted to $150 million.

• The tax rate of the firm is 40%.

• The firm had operating lease payments of $50 million in the most recent year, and has commitments to make similar payments each year for the next 10 years.

• The pre-tax cost of debt for the firm is 8%.

• The book value of equity is $400 million and the book value of debt (not including operating leases) is $100 million

• The expected growth rate in the earnings before interest and taxes next year is 10% and the return on capital will remain unchanged from this years level.

Estimate the expected free cash flow to the firm next year.

Your answer should be in millions (input 30 instead of 30,000,000).