The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019.

In 2019 Quick Burger had capital expenditures of $3,052.

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

b. 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.)

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

INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $ 27,570 Costs 17,572 Depreciation 1,405 Earnings before interest and taxes (EBIT) $ 8,593 Interest expense 520 Pretax income 8,073 Federal taxes (@ 21%) 1,695 Net income $ 6,378 2019 2018 $ 3,406 $ 3,406 $ 376 3,146 $ 3,522 Assets Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) 2019 2018 Liabilities and shareholders' Equity Current liabilities $ 2,339 $ 2,339 Debt due for repayment 1,378 1,338 Accounts payable 125 120 Total current liabilities 1,092 619 $ 4,934 $ 4,416 Long-term debt $ 24,680 $22,838 Other long-term liabilities 2,807 2,656 Total liabilities 2,986 3,102 Total shareholders' equity $35,407 $33,012 Total liabilities and shareholders' equity $ 13,636 3,060 $ 20,102 15,305 $ 35,407 $12, 137 2,960 $18,619 14,393 $33,012