Jupitor Ltd. wishes to taken-over Tally Ltd. Financial details of both the companies are as under: Jupitor Ltd. Tally Ltd (Rs. in *000) (Rs. in'000) Equity share (Rs.10 per share) 100,000 50,000 Shares Premium account 2,000 Profit and loss account 38,000 4,000 Preference Shares 20,000 10% Debentures 173,000 61,000 Maintainable annual profit (after tax) for equity shareholders (Rs.in 000) 24,000 15,000 Market price per equity share (Rs) 24 27 Price-earnings ratio 10 9 Required: What offer do you think jupitor Itd. could make to tally Itd. in terms of exchange ratio based on- (a) Net asset value (b) Earnings per share; and (e) Market price per share