INCOME STATEMENT OF MCDONALD'S CORP. 2012 (Figures in Smilions) Not sales 27,574 Costs 17,576 Depreciation 1,409 Earnings before interest and taxes (EBIT) 8,589 Interest expenso 524 Pretax income 8,065 Taxes 2,628 Net income 5,437 2012 2011 Assets Current assets Cash and marketable securities Recolvables 3.410 Inventories Other current assets 388 3,150 3,538 129 3,410 BALANCE SHEET OF MCDONALD'S CORP. 2012 (Figures in 5 millions) 2012 2011 Liabilities and Shareholders' equity Current liabilities 2,343 2.343 Debt due for repayment 1,382 1,342 Accounts payable 124 Total current liabilities 1,096 623 4,950 4.432 Long-term debt 24,684 22,842 Other long-term liabilities 2,811 2,660 Total liabilities 2.990 3.105 Total shareholders equly 35.435 33.040 Total liabilities and shareholders' equity Total current assets Fixed assets Property, plant and equipment Intangible assets (goodwill) Other long-term assets 13,640 3,054 20.114 15.321 12,141 2,964 18,643 14,397 Total assets 35.435 33,040 In 2012 McDonald's had capital expenditures of $3,056. a. Calculate McDonald's free cash flow in 2012. (Enter your answer in millions.) Free cash flow milion b. 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 protax income.) (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number) Additional tax milion