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Tater and Pepper Corp. reported free cash flows for 2021 of $40.1 million and investment in operating capital of $23.1 million. Tater and Pepper incurred $13.7 million in depreciation expense and paid $29.1 million in taxes on EBIT in 2021.

Respuesta :

Answer:

$78.6 million

Explanation:

As we know that

The free cash flow = Operating cash flow - investment in operating capital

$40.1 million = Operating cash flow - $23.1 million

So, the operating cash flow is

= $40.1 million + $23.1 million

= $63.2 million

And, the operating cash flow equal to

Operating cash flow = EBIT - taxes on EBIT + depreciation expense

$63.2 million = EBIT - $29.1 million + $13.7 million

So, the EBIT is $78.6 million

tjigme2024

Answer:

$78.6 million

Explanation: