Tater and Pepper incurred $13.8 million in depreciation

$6.00

Description

Tater and Pepper Corp. reported free cash flows for 2015 of $41.1 million and investment in operating capital of $24.1 million. Tater and Pepper incurred $13.8 million in depreciation expense and paid $29.3 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.)

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