please answer asap.

Q 5. Ranveer Ltd. had 50,000 equity shares of Rs. 10/- each outstanding on January 1st. The shares are currently been quoted at par in the market. The company now intends to pay a dividend of Rs. 2 per share for the current calendar year. It belongs to the risk class whose appropriate capitalization rate is 15%. Using the MM approach (No taxes), ascertain the price of the company's share it is likely to prevail at the end of the year (1) When dividend is declared (2) When dividend is not declared. Also find out the number of shares the company must issue to meet its investment needs of Rs 2 lakhs assuming a net income of 1.1 lakhs and the company valuation in both cases