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Nemiraja, the manager of BAV Bits Ltd, is planning to pay the shareholders Rs.10 dividends this year and want to increase it 15% per year

Nemiraja, the manager of BAV Bits Ltd, is planning to pay the shareholders Rs.10 dividends this year and want to increase it 15% per year for next five years and then 5% per annum forever. The shareholders know that the systematic risk exposure of this firm is 1.25 times that of the market. The average return of the market is 15% and the risk free rate is 5%. Please calculate the value of its share in the market.

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