Income Statement for the year ending Dec 31 (millions of dollars except for per share data) Actual 2010 Projected 2011 Net Sales $500.00 $530.00...

The financial statements of Lioi Steel Fabricators are shown below – both the actual results for 2010 and the projections for 2011. Free cash flow is expected to grow at a 6% rate after 2011. The weighted average cost of capital is 11%.a. If operating capital as of 12/31/2010 is $502.2 million, what is the free cash flow for