Catering Corp. reported free cash flows for 2018 of $8 million and investment in operating capital of

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Question:

Catering Corp. reported free cash flows for 2018 of $8 million and investment in operating capital of $2 million. Catering listed $1 million in depreciation expense and $4 million in taxes on its 2018 income statement. What was Catering's 2018 EBIT?

answer choices

$7 million

$10 million

$11 million

$13 million

$9 million