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Free Cash Flow Iron Ore Corp. reported free cash flows for 2008 of $102 million and investment in operating capital of $192 million. Iron Ore

Free Cash Flow Iron Ore Corp. reported free cash flows for 2008 of $102 million and investment in operating capital of $192 million. Iron Ore listed $42 million in depreciation expense and $48 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?

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