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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures

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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $ 27,575 Costs 17,577 Depreciation 1,410 Earnings before interest and taxes (EBIT) $ 8,588 Interest expense Pretax income 8,063 Federal plus other taxes Net income $ 5,241 525 2,822 2019 2018 - 3,411 3,411 $ 391 3,151 $ 3,542 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 $ 2,344 $ 2,344 Debt due for repayment 1,383 1,343 Accounts payable 130 125 Total current liabilities 1,097 624 $ 4,954 $4,436 Long-term debt $24,685 $22,843 Other long-term liabilities 2,812 2,661 Total liabilities 2,991 _ 3, 107_Total shareholders' equity $35,442 $33,047 Total liabilities and shareholders' equity $ 13,641 3,065 $ 20,117 15, 325 $ 35, 442 $12,142 2,965 $18,649 14,398 $33,047 In 2019 Quick Burger had capital expenditures of $3,057. a. Calculate Quick Burger's free cash flow in 2019. (Enter your answer in millions.) Free cash flow 1 million 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.) Additional tax million c. What would the company's free cash flow have been if it was all-equity financed? (Enter your answer in millions.) Free cash flow

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