a.Calculate Quick Burger's free cash flow in 2019.(Enter your answer in millions.)

b.If Quick Burger was financed entirely by equity, how much more tax would the company have paid?(Assume a tax rate of 21%.)(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

c.What would the company's free cash flow have been if it was all-equity financed?(Enter your answer in millions.)

eBook Print INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. Net sales $ 27,572 Costs 17,574 Depreciation 1.407 Earnings before interest and taxes (EBIT) $ 8,591 Interest expense 522 Pretax income 8,069 Federal taxes (@ 21%) 1.694 Net income $ 6,375 | BALANCE SHEET 0F QUICK BURGER CORP., 2019 (Figures in $ millions) Assets 2019 2018 Liabilities and Shareholders' Equity 2019 Current assets Current liabilities Cash and marketable securities $ 2,341 $ 2,341 Debt due for repayment Receivables 1,380 1,340 Accounts payable $ 3.403 Inventories 127 122 Total current liabilities $ 3,408 Other current assets 1,094 621 Total current assets $ 4,942 $ 4,424 Fixed assets Longterm debt $13,638 Property, plant, and equipment $24,682 $22,840 Other longterm liabilities 3.062 Intangible assets (goodwill) 2,809 2,658 Total liabilities $20,108 Other longterm assets 2,988 3,104 Total shareholders' equity 15,313 Total assets $35,421 $33,026 Total liabilities and shareholders' equity $35,421 2018 $ 382 3,148 $ 3,530 $12,139 2,962 $18,631 14,395 $33,026 In 2019 Quick Burger had capital expenditures of $3,054