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Tater and Pepper Corp. reported free cash flows for 2021 of $59.1 million and investment in operating capital of $42.1 million. Tater and Pepper incurred $15.6 million in depreciation expense and paid $21.1 million in taxes on EBIT in 2021. Calculate Tater and Pepper's 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT million

Tater and Pepper Corp. reported free cash flows for 2021 of $59.1 million and investment in operating capital of $42.1 million. Tater and Pepper incurred $15.6 million in depreciation expense and paid $21.1 million in taxes on EBIT in 2021. Calculate Tater and Pepper's 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT million

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Tater and Pepper Corp. reported free cash flows for 2021 of $59.1 million and investment in operating capital of $42.1 million. Tater and Pepper incurred $15.6 million in depreciation expense and paid $21.1 million in taxes on EBIT in 2021. Calculate Tater and Pepper's 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT million
Transcribed Image Text:Tater and Pepper Corp. reported free cash flows for 2021 of $59.1 million and investment in operating capital of $42.1 million. Tater and Pepper incurred $15.6 million in depreciation expense and paid $21.1 million in taxes on EBIT in 2021. Calculate Tater and Pepper's 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT million
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