What is their? break-even level of operating income

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Home? Depot, Inc.? (HD), had 1244 million shares of common stock outstanding in? 2016, whereas Lowes? Companies, Inc.? (LOW), had 929 million shares outstanding. Assuming Home? Depot's 2016 interest expense is $919 ?million, Lowes' interest expense is? $552 ?million, and a 34 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)?

Reference no: EM132004386

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