Home Depot, Inc. had 1.70 billion shares of common stock outstanding in 2008, whereas Lowes Companies, Inc. had 1.46 billion shares outstanding. Assuming Home Depot's 2008 interest expense is $696 million, Lowes' interest expense is $239 million, and a 36 percent tax rate for both firms, what is their break-even level of operation income e. the level of EBIT where EPS is the same for both firms)?
The EBIT indifference level is?