(b) The following information was extracted from ABC Company's Balance Sheet Non-Current Assets Current Assets Current Liabilities K550,000 170,000 -80,000 Share Capital Reserves 300,000 200,000 10% Loan Notes 150,000 The Market Value of property in the Non-Current Assets is K50,000 more than the book value. The Loan Notes are redeemable at a 5% premium. Required: What is the value of a 70% holding using the net assets valuation basis?