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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022 INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022

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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022 INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 Net sales Costs Depreciation (Figures in 5 millions) Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (21%) Net incore $ 27,578 17,580 1,413 $8,585 528 8,057 1,692 $ 6,365 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 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 2022 2021 Liabilities and Shareholders' Equity Current liabilities 2022 2021 $2,347 1,386 133 1,100 $2,347 Debt due for repayment 1,346 Accounts payable 128 Total current liabilities $3,414 $3,414 $ 400 3,154 $3,554 627 $ 4,966 $ 4,448 $ 24,688 2,815 2,994 Long-term debt $ 22,846 Other long-term liabilities. 2,664 Total liabilities 3,110 Total shareholders' equity $ 13,644 3,068 $ 35,463 $ 33,068 Total liabilities and shareholders' equity $ 20,126 15,337 $ 35,463 $ 12,145 2,968 $ 18,667 14,401 $ 33,068 In 2022 Quick Burger had capital expenditures of $3,060 a. Calculate Quick Burger's free cash flow in 2022 Note: Enter your answer in millions. b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%) Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. c. What would the company's free cash flow have been if it was all-equity financed? Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number. a. Free cash flow b. Additional tax millon million c. Free cash flow million

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