Investment in operating capital

Assignment Help Financial Management

Reference no: EM131575388

Tater and Pepper Corp. reported free cash flows for 2015 of $50.1 million and investment in operating capital of $33.1 million. Tater and Pepper incurred $14.7 million in depreciation expense and paid $31.1 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.)

EBIT $ m

Reference no: EM131575388

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