Homework Help: finance

Posted by steve on Sunday, February 10, 2013 at 6:43pm.

Tater and Pepper Corp. reported free cash flows for 2012 of $43.1 million and investment in operating capital of $26.1 million. Tater and Pepper incurred $14.0 million in depreciation expense and paid $29.7 million in taxes on EBIT in 2012.

Calculate Tater and Pepper’s 2012 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)

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