The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012.

INCOME STATEMENT OF MCDONALDS CORP., 2012
(Figures in $ millions)
Net sales	27,581
Costs	17,583
Depreciation	1,416
Earnings before interest and taxes (EBIT)	8,582
Interest expense	531
Pretax income	8,051
Taxes	2,642
Net income	5,409

BALANCE SHEET OF MCDONALDS CORP., 2012
(Figures in $ millions)
Assets	2012		2011		Liabilities and Shareholders' equity	2012		2011
Current assets									Current liabilities
Cash and marketable securities		2,350				2,350			Debt due for repayment						409
Receivables		1,389				1,349			Accounts payable		3,417				3,157
Inventories		136				131			Total current liabilities		3,417				3,566
Other current assets		1,103				630
Total current assets		4,978				4,460
Fixed assets									Long-term debt		13,647				12,148
Property, plant, and equipment		24,691				22,849			Other long-term liabilities		3,071				2,971
Intangible assets (goodwill)		2,818				2,667			Total liabilities		20,135				18,685
Other long-term assets		2,997				3,113			Total shareholders equity		15,349				14,404
Total assets		35,484				33,089			Total liabilities and shareholders equity		35,484				33,089

In 2012 McDonalds had capital expenditures of $3,063.

a.	Calculate McDonalds free cash flow in 2012. (Enter your answer in millions.)

Free cash flow

$ million

b.	If McDonalds 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 intermediate calculations. Enter your answer in millions rounded to the nearest whole number.)

Additional tax

$ million