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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures

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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in 5 millions) Net sales $ 27,581 Costs 17,583 Depreciation 1,416 Earnings before interest and taxes (EBIT) $ 8,582 Interest expense 531 Pretax income 8,051 Federal taxes (215) 1,692 Net Income $ 6,360 2019 2018 Assets Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Fiets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in 5 millions) 2019 2018 Liabilities and Shareholders' Equity Current liabilities $ 2,350 $ 2,350 Debt due for repayment 1,389 1,349 Accounts payable 136 131 Total current liabilities 1,103 630 $ 4,978 $ 4,460 Long term debt $24.691 $22,349 Other long-term liabilities 2,818 2,667 Total liabilities 2.997 3,113 Total shareholders equity $35,484 $33,009 Total liabilities and shareholders equity $ 409 $3,417 3,157 $ 3,417 $ 3,566 $ 13,647 3,071 $ 20,135 15,349 $ 35,484 $12,148 2,971 $18,685 14,404 $33,089 In 2019 Quick Burger had capital expenditures of $3,063 a. Calculate Quick Burger's free cash flow in 2019. (Enter your answer in millions.) Free cash flow mision b. 1 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 company's free cash flow have been if it was all-equity financed? (Enter your answer in millions.) Pro cash flow

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