- Calculate Quick Burgers free cash flow in 2019. (Enter your answer in millions.)

- 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.)

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

The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $27,585 Costs 17,587 Depreciation 1,420 Earnings before interest and taxes (EBIT) $ 8,578 Interest expense 535 Pretax income 8,043 Federal taxes (@21%) 1,689 Net income $ 6,354 2019 2018 $ 421 $ 3,421 $ 3,421 3,161 $ 3,582 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Liabilities and Assets 2019 2018 Shareholders' Equity Current assets Current liabilities Cash and marketable $ 2,354 $ 2,354 Debt due for repayment securities Receivables 1,393 1,353 Accounts payable Inventories 140 135 Total current liabilities Other current 1, 107 634 assets Total current assets $ 4,994 $ 4,476 Fixed assets Long-term debt Property, plant, and $24,695 $22,853 Other long-term liabilities equipment Intangible assets 2,822 (goodwill) 2,671 Total liabilities Other long-term 3,001 assets 3,117 Total shareholders' equity Total assets $35,512 $33, 117 Total liabilities and shareholders' equity $13,651 $12, 152 3,075 2,975 $20,147 $18,709 15,365 14,408 $35,512 $33, 117 In 2019 Quick Burger had capital expenditures of $3,067