PQR plc is a large listed company with assets in three distinct sectors. You are given the following information about the company.

Per annual report and accounts (extract)

E1 ordinary shares in issue E150,000,000 Reserves E203,000,000 8% perpetual debenture ($100 par value) E81,250,000 Dividend expected to be paid next year 15.25p / share Expected perpetual dividend growth rate 9.75% Current share price 250p / share Market price of debenture ($100 par value) $106.70P division 20% Q division 40% R division 40%Equity beta D / (D + E) P type company 1.101 0.15 Q type company 0.972 0.25 R type company 1.885 0.35