ABC Ltd has a net profit of ₹400 million. The number of shares is 50 million. Given the nature of its business, the discount rate is 10 per cent. The company invests 30 per cent of its net profit on projects and pays the balance as dividends to shareholders. What is the value of the company if the projects invested by the company yield 

(a) 15 per cent

(b) 8 per cent? 

What is the value of assets in place and the present value of growth opportunities? At what rate is the company expected to grow?