The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. INCOME STATEMENT OF MCDONALD'S CORP., 2012 (Figures in $ millions) Net sales 27,568 Costs 17,570 Depreciation 1,403 Earnings before interest and taxes (EBIT) Interest expense 8,595 518 Pretax income Taxes 8,077 2,616 Net income 5.461 2012 BALANCE SHEET OF MCDONALD'S CORP., 2012 (Figures in $ millions) Liabilities and Shareholders! 2012 2011 equity Current liabilities 2,337 2,337 Debt due for repayment 1,376 1,336 Accounts payable Assets Current assets Cash and marketable securities Receivables 2011 370 3,404 3,144 Inventories Other current assets 123 1,090 118 617 Total current liabilities 3,404 31514 4,926 Total current assets Fixed assets Property, plant, and equipment 4,408 Long-term debt 22,836 Other long-term liabilities 13,634 12,135 24678 3,058 2.958 Intangible assets (goodwill) Other long-term assets 2,805 2,654 20,096 18,607 Total liabilities Total shareholders' equity 2,984 3,100 15,297 14,391 Total assets 35,393 32,998 Total liabilities and shareholders equity 35,393 32,998 In 2012 McDonald's had capital expenditures of $3,050. a. Calculate McDonald's free cash flow in 2012. (Enter your answer in millions.) Free cash flow $ million 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.) (Do not round b. intermediate calculations. Enter your answer in millions rounded to the nearest whole number.) Additional tax $ 392.25 million