What is their? break-even level of operating income

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Reference no: EM131497055

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 40 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 nearest dollar)

Reference no: EM131497055

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