b$)$ XYZ Ltd is a software company located in Nairobi Ketya The following information is provided for the most recent accounting period

$\backslash$table$[[$Sales$,$Sh$.60$ Million$],[$Eamnings Before Interest and Tax,Sh$.30$ Million$],[$Capital Expenditure,Sh$.10$ Million$],[$Working Capital Investment,Sh$.3$ Million$],[$Depreciation$,$Sh$.5$ Million$]]$

Additional Information

$($i$).$ The firms expect earnings before interest and taxes, investment in property, plant and equipment, investment in working Capital, Amortization and Depreciation and sales to grow at an annual rate of $5$ percent each year for $20$ years. After the twenty year growth period the growth in sales, eamings before interest and taxes, and working capital investment will decline to stable $3$ percent per year, and investment in property, plant and equipment and Amortization and Depreciation will offset each other.

$($ii$).$ The company has an effective tax rate of $30$ percent.

$($iii$).$ The estimated weighted average cost of capital is $13$ percent.

Required:

Estimate the value of operations of XYZ Ltd