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Free Cash Flow Iron Ore Corp. reported free cash flows for 2008 of $108 million and investment in operating capital of $...

Free Cash Flow Iron Ore Corp. reported free cash flows for 2008 of $108 million and investment in operating capital of $188 million. Iron Ore listed $38 million in depreciation expense and $52 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?

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Answer:- calculation of EBIT- Free cash Hows $ $ 108 million 188 million ct Operating capital (38 million) (-) depreciation e

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