Investment in operating capital-depreciation expense

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Free Cash Flow Iron Ore Corp. reported free cash flows for 2008 of $100 million and investment in operating capital of $193 million. Iron Ore listed $43 million in depreciation expense and $47 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT? $293 million $297 million $383 million $143 million

Reference no: EM131346453

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