Tater and Pepper Corp. reported free cash flows for 2015 of $39.1 million and investment in operating

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Tater and Pepper Corp. reported free cash flows for 2015 of $39.1 million and investment in operating capital of $22.1 million. Tater and Pepper incurred $13.6 million in depreciation expense and paid $28.9 million in taxes on EBIT in 2015. Calculate Tater and Pepper’s 2015 EBIT.

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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