Kindly provide all the calculations.

3. Global Textile Limited and National Textile Limited are considering the merger in a new company, Silver Textile Limited that will increase the earnings by 20% due to synergy effect. Following information relates to the companies before merger: Rs. in million GTL NTL Equity and liabilities Share capital (Rs. 10 each) 600 600 Retained earnings 300 80 Total equity 900 680 Debt 1,100 500 2,000 1,180 Earnings (net profits after tax) 250 200 The financial advisor of the firm has projected the growth in corporate earnings by 20%, if the economic growth is slow and 50%, if the growth is high (applicable for both the companies). Probability of high growth and slow growth are 0.20 and 0.70 respectively. P/E multiple of textile composite sector is 9 and is projected to grow at 10 and 11 for slow and high growths, respectively while weaving sector companies will remain trading at P/E multiple of 6 in any case. After the merger, the new company will be listed in textile composite sector and will be valued accordingly. Considering the above facts, expected value of National Textile Limited is A B 16.80 14.53 24.80 13.75 D