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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2 0 2 2 . INCOME STATEMENT OF QUICK

The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022.
INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022
(Figures in $ millions)
Net sales $ 27,576
Costs 17,578
Depreciation 1,411
Earnings before interest and taxes (EBIT) $ 8,587
Interest expense 526
Pretax income 8,061
Federal taxes (@ 21%)1,693
Net income $ 6,368
BALANCE SHEET OF QUICK BURGER CORPORATION, 2022
(Figures in $ millions)
Assets 20222021 Liabilities and Shareholders' Equity 20222021
Current assets Current liabilities
Cash and marketable securities $ 2,345 $ 2,345 Debt due for repayment $ 394
Receivables 1,3841,344 Accounts payable $ 3,4123,152
Inventories 131126 Total current liabilities $ 3,412 $ 3,546
Other current assets 1,098625
Total current assets $ 4,958 $ 4,440
Fixed assets Long-term debt $ 13,642 $ 12,143
Property, plant, and equipment $ 24,686 $ 22,844 Other long-term liabilities 3,0662,966
Intangible assets (goodwill)2,8132,662 Total liabilities $ 20,120 $ 18,655
Other long-term assets 2,9923,108 Total shareholders equity 15,32914,399
Total assets $ 35,449 $ 33,054 Total liabilities and shareholders equity $ 35,449 $ 33,054
In 2022 Quick Burger had capital expenditures of $3,058.
a. Calculate Quick Burgers free cash flow in 2022.(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%.)(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
c. What would the companys free cash flow have been if it was all-equity financed? (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number.)(please provide the values in each step when calculating the answers)

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