Home depot inc hd had 170 billion shares of common stock, Ask an Expert

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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 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)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92305790

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