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	27,579
Costs	17,581
Depreciation	1,414
Earnings before interest and taxes (EBIT)	8,584
Interest expense	529
Pretax income	8,055
Taxes	2,638
Net income	5,417

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		2,348				2,348			Debt due for repayment						403
Receivables		1,387				1,347			Accounts payable		3,415				3,155
Inventories		134				129			Total current liabilities		3,415				3,558
Other current assets		1,101				628
Total current assets		4,970				4,452
Fixed assets									Long-term debt		13,645				12,146
Property, plant, and equipment		24,689				22,847			Other long-term liabilities		3,069				2,969
Intangible assets (goodwill)		2,816				2,665			Total liabilities		20,129				18,673
Other long-term assets		2,995				3,111			Total shareholders equity		15,341				14,402
Total assets		35,470				33,075			Total liabilities and shareholders equity		35,470				33,075

In 2012 McDonalds had capital expenditures of $3,061.

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