​(Using EBIT-EPS​ break-even analysis) Home​ Depot, Inc.​ (HD), had 1244 million shares of common stock outstanding in​

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answerhappygod
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​(Using EBIT-EPS​ break-even analysis) Home​ Depot, Inc.​ (HD), had 1244 million shares of common stock outstanding in​

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​(Using EBIT-EPS​ break-even analysis) 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
35 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 $
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