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Problem 2-14 Free Cash Flow (LG2-5) Tater and Pepper Corp. reported free cash flows for 2021 of $47.1 million and investment in operating capital of
Problem 2-14 Free Cash Flow (LG2-5) Tater and Pepper Corp. reported free cash flows for 2021 of $47.1 million and investment in operating capital of $30.1 million. Tater and Pepper incurred $14.4 million in depreciation expense and paid $30.5 million in taxes on EBIT in 2021. Calculate Tater and Pepper's 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) |EBIT . million
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