Problem 2-12 Free Cash Flow (LG2-5) Tater and Pepper Corp. reported free cash flows for 2018 of $48.1 million and investment in operating capital of $31.1 million. Tater and Pepper incurred $14.5...

Tater and Pepper Corp. reported free cash flows for 2018 of $48.1 million and investment in operating capital of $31.1 million. Tater and Pepper incurred $14.5 million in depreciation expense and paid $30.7 million in taxes on EBIT in 2018.

Calculate Tater and Pepper’s 2018 EBIT.
(Enter your answer in millions of dollars rounded to 1 decimal place.)