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 $ $27,579$

Costs $17,581$

Depreciation $1,414$

Earnings before interest and taxes $($EBIT$)$ $ $8,584$

Interest expense $529$

Pretax income $8,055$

Federal taxes $($@ $21\%)1,692$

Net income $ $6,363$

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 $ $2,348$ $ $2,348$ Debt due for repayment $$ $ $403$

Receivables $1,3871,347$ Accounts payable $ $3,4153,155$

Inventories $134129$ Total current liabilities $ $3,415$ $ $3,558$

Other current assets $1,101628$

Total current assets $ $4,970$ $ $4,452$

Fixed assets Long$-$term debt $ $13,645$ $ $12,146$

Property, plant, and equipment $ $24,689$ $ $22,847$ Other long$-$term liabilities $3,0692,969$

Intangible assets $($goodwill$)2,8162,665$ Total liabilities $ $20,129$ $ $18,673$

Other long$-$term assets $2,9953,111$ Total shareholders$$ equity $15,34114,402$

Total assets $ $35,470$ $ $33,075$ Total liabilities and shareholders$$ equity $ $35,470$ $ $33,075$

In $2022$ Quick Burger had capital expenditures of $$3,061.$

Calculate Quick Burger$$s free cash flow in $2022.$

Note: Enter your answer in millions.

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.

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.The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for $2022.$

INCOME STATEMENT OF QUICK BURGER CORPORATION, $2022$

In $2022$ Quick Burger had capital expenditures of $$3,061.$

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

million

Imillion