A Beta Ltd., iron steel reserves are being depleted and its costs of recovering a declining quantity of iron steel are rising each year. As a equal to it the company earnings and dividends are declining at a rate of 12% p.a. If the previous years dividend (DO) was Rs. 40 and the required rate of return is 15%. What would be the current price of the equity share of the company? (Ans. Rs. 95.14)