Al Barbi Ltd had earned PAT of USD 68Mill for the year just ended. It wants you to ascertain the value of its business in UAE based on the following information. (1) Tax rate for the year just ended was 22.5%. Future tax rate is estimated at 18%. (2) The company's equity share are quoted at AED 180 at the balance sheet. The company had an equity capital of 100 Mill divided into shares of 100 each. . (3) Profit for the years have been calculated after considering after considering the following in the P&L accounts - Subsidy 0.8 Mill received from government towards fulfillment of certain social obligations. The government will continue the subsidy and hence, this amount will to be received in future. Interest on loan AED.8 Million on term loan. The final installment of this term loan was fully settled last year. Managerial remuneration 15 Mill. The shareholders have not approved an increase of AED. 6 lakhs in the overall managerial remuneration, from the next year onwards. Loss on sale of fixed assets and investments amounting to AED .6 Million (ignore tax effect thereon) (10 Marks )