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What was iron ore 2008 ebit

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Free Cash Flow

Iron Ore Corp. reported free cash flows for 2008 of $91 million and investment in operating capital of $199 million. Iron Ore listed $49 million in depreciation expense and $41 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?

a. $290 million

b. $282 million

c. $380 million

d.  $140 million

Reference no: EM131795498

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