Free cash flow-investment in operating capital

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Reference no: EM131020227

Free Cash Flow Catering Corp. reported free cash flows for 2008 of $8.18 million and investment in operating capital of $2.18 million. Catering listed $0.91 million in depreciation expense and $2.18 million in taxes on its 2008 income statement. What was Catering's 2008 EBIT?

A. $11.63 million

B. $7.27 million

C. $13.45 million

D. $10.36 million

Reference no: EM131020227

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