Free cash flow-tater and pepper corp reported free cash, Ask an Expert

Finance

Free Cash Flow-Tater and Pepper Corp. reported free cash flows for 2015 of $57.1 million and investment in operating capital of $40.1 million. Tater and Pepper incurred $15.4 million in depreciation expense and paid $20.7 million in taxes on EBIT in 2015. Calculate Tater and Pepper’s 2015 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)

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