What is their break-even level of operating income ie the


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 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)? The EBIT Indifference level is $. (Round to the nearest dollar.)

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Financial Management: What is their break-even level of operating income ie the
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