What is break-even level of operating income

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Reference no: EM131622585

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 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)?

Reference no: EM131622585

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