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The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. In 2012 McDonald's had capital expenditures of $3.052. a.
The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. In 2012 McDonald's had capital expenditures of $3.052. a. Calculate McDonald's free cash flow in 2012. 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 pretax income.)
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