Calculate tater and pepper ebit

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Reference no: EM131980942

Tater and Pepper Corp. reported free cash flows for 2015 of $48.1 million and investment in operating capital of $31.1 million. Tater and Pepper incurred $14.5 million in depreciation expense and paid $30.7 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.)

Reference no: EM131980942

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