MANGWARA Plc current earnings per share are TZS 20 and dividend per is TZS TZS10 per share this makes the constant payout ratio of 50%, the earnings and dividends are forecasted to grow at 5% p.a, the required rate is return is 7.6%. If the current market price of share is TZS 450/= (i) Estimate the Current Price Earnings Ratio (ii) Estimate the intrinsic value of the shares. (iii) Recommend if share should be purchased or not