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Calculate tater and pepper ebit

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Reference no: EM132822461

Tater and Pepper Corp. reported free cash flows for 2018 of $45.1 million and investment in operating capital of $28.1 million. Tater and Pepper incurred $14.2 million in depreciation expense and paid $30.1 million in taxes on EBIT in 2018.

Problem 1: Calculate Tater and Pepper's 2018 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)

Reference no: EM132822461

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