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Iron Ore Corp. reported free cash flows for 2018 of $91 million and investment in operating capital of $199 million. Iron Ore listed $49 million

Iron Ore Corp. reported free cash flows for 2018 of $91 million and investment in operating capital of $199 million. Iron Ore listed $49 million in depreciation expense and $41 million in taxes on its 2018 income statement. What was Iron Ore's 2018 EBIT?

Answer Choices

  • $290 million

  • $140 million

  • $380 million

  • $282 million

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