The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012.

INCOME STATEMENT OF MCDONALDS CORP., 2012
(Figures in $ millions)
Net sales	27,575
Costs	17,577
Depreciation	1,410
Earnings before interest and taxes (EBIT)	8,588
Interest expense	525
Pretax income	8,063
Taxes	2,630
Net income	5,433

BALANCE SHEET OF MCDONALDS CORP., 2012
(Figures in $ millions)
Assets	2012				2011				Liabilities and Shareholders' equity	2012				2011
Current assets									Current liabilities
Cash and marketable securities		2,344				2,344			Debt due for repayment						391
Receivables		1,383				1,343			Accounts payable		3,411				3,151
Inventories		130				125			Total current liabilities		3,411				3,542
Other current assets		1,097				624
Total current assets		4,954				4,436
Fixed assets									Long-term debt		13,641				12,142
Property, plant, and equipment		24,685				22,843			Other long-term liabilities		3,065				2,965
Intangible assets (goodwill)		2,812				2,661			Total liabilities		20,117				18,649
Other long-term assets		2,991				3,107			Total shareholders equity		15,325				14,398
Total assets		35,442				33,047			Total liabilities and shareholders equity		35,442				33,047

In 2012 McDonalds had capital expenditures of $3,057.

a.	Calculate McDonalds free cash flow in 2012. (Enter your answer in millions.)

Free cash flow

$ million

b.	If McDonalds 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 intermediate calculations. Enter your answer in millions rounded to the nearest whole number.)

Additional tax

$ million