Ebit-EPS break even analysis Home Depot INc had 1,70 billion shares of common stock outstanding in 2008, whereas Lowes Companies Inc LOW had 1.46 billion shares outstanding. Assuming Home Depots 2008 interest expense is $696 million , Lowes interest expense is 239 million and a 35 percent tax rate for both firms what is their break-even level of operating income the level of ebit where is the same for both firms

The EBIT indifference is