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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	27,570
Costs	17,572
Depreciation	1,405
Earnings before interest and taxes (EBIT)	8,593
Interest expense	520
Pretax income	8,073
Taxes	2,620
Net income	5,453

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		2,339				2,339			Debt due for repayment						376
Receivables		1,378				1,338			Accounts payable		3,406				3,146
Inventories		125				120			Total current liabilities		3,406				3,522
Other current assets		1,092				619
Total current assets		4,934				4,416
Fixed assets									Long-term debt		13,636				12,137
Property, plant, and equipment		24,680				22,838			Other long-term liabilities		3,060				2,960
Intangible assets (goodwill)		2,807				2,656			Total liabilities		20,102				18,619
Other long-term assets		2,986				3,102			Total shareholders equity		15,305				14,393
Total assets		35,407				33,012			Total liabilities and shareholders equity		35,407				33,012

In 2012 McDonalds had capital expenditures of $3,052.

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

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