Brits ltd wishes to determine the value of its ordinary shares using the free cash flow valuation model

The financial manager determined the weighted average cost of capital as 10%. The market value of the companys

Debt is R5400 000. The preference shares were valued at R2300 000, Brits has in issue , 300 000 ordinary shares. The present value

Of the company was correctly calculated as R12500 000, calculate the value of each ordinary share.