Help Save 2 The following table shows an abbreviated Income statement and balance sheet for McDonald's Corporation for 2012 INCOME STATEMENT OF MCDONALD'S CORP. 2012 (Figures in 5 millions Net sales 27583 Costs 17,585 Depreciation 1418 Earnings before interest and taxes (EBIT) Interest expense 8,580 533 Pretax income Taxes 8,047 2646 Net Income 5,401 2012 2011 Assets Current assets Cash and marketable securities Receivables BALANCE SHEET OF MCDONALD'S CORP. 2012 Floures in 5 mins Liabilities and Shareholders 2012 2011 equity Current liabilities 2.352 2.352 Debt due for repayment 1391 1351 Accounts payable 138 133 Total current abilities 1105 632 615 3959 3.490 Joventories Other current assets 7419 2.574 Receivables 1,391 1,351 Accounts payable 3,419 3,159 Inventories Other current assets 138 1,105 133 Total current liabilities 632 3,419 3,574 4,986 Total current assets Fixed assets Property, plant, and equipment 4,468 Long-term debt 22,851 Other long-term liabilities 24,693 13,649 3,073 12,150 2,973 Intangible assets (goodwill) Other long-term assets 2,820 2,999 20,141 15,357 2,669 Total liabilities 3,115 Total shareholders' equity 33,103 Total liabilities and shareholders' equity 18,697 14,406 Total assets 35,498 35,498 33,103 In 2012 McDonald's had capital expenditures of $3,065. a. Calculate McDonald's free cash flow in 2012. (Enter your answer in millions.) Free cash flow million If McDonald's was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 35% on the revised pretax income.) (Do not round b. Intermediate calculations. Enter your answer in millions rounded to the nearest whole number) Additional tax million