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QUESTION
Iron Ore Corp. reported free cash flows for 2008 of $106 million and investment in operating capital of $189 million.
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Iron Ore Corp. reported free cash flows for 2008 of $106 million and investment in operating capital of $189 million. Iron Ore listed $39 million in depreciation expense and $51 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?
