Problem 3-24 Free Cash Flow (LO3) The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016. Costa INCONE STATEMENT OF QUICK BURGER CORP., 2016 (Figures in millions) Net Sales $ 27,576 17.578 Depreciation Tarnings before interest and taxes (EBIT) $ 0,587 Interest expense Pretax income Taxes 2.821 Net Income $5,240 quity 2016 2015 BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in Milliona) 2016 2015 Liabilities and shareholdere Current liabilities 2,345 Debt due to repayment 1,384 1,344 Accounts payable 126 Total current liabilities 1.098 3,412 3.612 3,152 Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Pixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets 13,642 3,066 20. 120 Long-term debt other long-term liabilities Total liabilities Total shareholders' equity Total liabilities and shareholders' equity 12.143 2,966 18,655 24,686 2.813 2.992 35,449 22,844 2.662 103 33,054 35, 469 33,054 In 2016 Quick Burger had capital expenditures of $3,058 . de fren rechin Entr i In 2016 Quick Burger had capital expenditures of $3,058. a. Calculate Quick Burger's free cash flow in 2016. (Enter your answer in millions.) Free cash flow milion b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 35%) (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Additional tex million c. What would the company's free cash flow have been if it was all-equity financed? Free cash flow