Amit is an analyst who has been asked to value the shares of Omega Ltd. Omega Ltd. had given a dividend of 15% on equity shares of face value Rs.10 last year and the required rate of return of investors is 15%.

Amit has been asked to find the value of the share under different scenarios. Scenario I- The rate of dividend is expected to grow at 10% for next three years and 5% thereafter infinitely Scenario II- The rate of dividend is expected to grow at 6% throughout

What are the values of shares in the two scenarios?