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The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2 0 1 2 . In 2 0 1 2

The following table shows an abbreviated income statement and balance sheet for
McDonald's Corporation for 2012. In 2012 McDonald's had capital expenditures of $3,069.
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
b.
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.)
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