As per most recent Financial Statements, Company XYZ has a NI of 5000 million with Owners Equity of 12000 with share capital of 4000. Every year for the next five years, companys Net Income is expected to grow by 8%. Company has a dividend payout of 60% which is expected to increase by 5% every alternate year. Companys share capital will increase by 5% in year 1, 12% in year 2 & 15% in year 4. After year 5, ANI is expected to be zero afterwards. Risk free rate is 6%, Market return is 12% with covariance between company & market is 110.5 & variance of market is 199.67. Estimate fair value of shares using accounting valuation model.