Rapid Ltd absorbed the business of Fast Ltd. and agreed to issue one equity shares of Rs.10 each, 8 paid up at a premium of Rs. 4 against two equity share and also to issue one 10% preference shares of Rs. 10 each, 5 paid up at a premium of Rs. 3 against every two preference shares of Fast Ltd. The share capital of Fast Ltd. consists of 3,00,000 equity shares of Rs. 5 each fully paid up and 2,00,0008% preference shares of Rs. 10 each fully paid up. The amount of purchase consideration will be (a) Rs. 17,00,000 (b) Rs. 20,00,000 (c) Rs. 26,00,000 (d) None of these 1 2 3 4