Consider the following information for Videsh Vyaapaar Ltd$.$

$$ NOI Rs $210$ million

$$ Corporate tax rate $\mathrm{.}3$

$$ Market as well as book value Rs $300$ million

$$ Capitalisation rate applicable to a debt free $\mathrm{.}16$

firm in the risk class to which optima belongs

What will be the value of Videsh Vyaapaar Ltd$.$ according to the Modigliani and Miller approach

Rs $1208\mathrm{.}75$ million

Rs $1108\mathrm{.}75$ million

Rs $1008\mathrm{.}75$ million

Rs $900\mathrm{.}75$ million