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Home Depot, Inc. (HD) had 1.70 billion shares of common stock outstanding in 2008. whereas Lowes Companies, Inc. (LOW) had 1.46 billion shares outstanding. Assuming Home Depot's 2008 interest expense is $696 million. Lowes' interest expense is $239 million, and a 35 percent tax rate for both firms, what is their break-even level of operating income (i.e., the level of EBIT where EPS is the same for both firms)?
The EBIT indifference level is $. (Round to the nearest dollar.)
Michelle transferred a building with an adjusted basis of $65,000 and an FMV of $95,000 to T corporation solely in exchange for 87% of T's outstanding stock. T Corporation assumed a $75,000 mortgage upon the transfer. What is Michelle's basis in her ..
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Your firm has debt worth $200,000, with a yield of 9%, and equity worth $300,000. It is growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. What is the value of the firm according to MM with corpora..
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