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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, 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 34 percent tax rate for both? firms, what is their? break-even level of operating income?
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