RS Ltd has a capital of $10,00,000$ in equity shares of $100$ each. The share are currently quoted at par. The company proposes to declare a dividend of $10$ per share at the end of the current yr$.$ The capitalisation rate for the risk class of which the co$.$ belongs is $12\%.$ Compute market price of the share at the end of the yr$.,$ if

$($i$)$ dividend is not declared

$($ii$)$ dividend is declared

Assuming that the company pays the dividend and has net profits of $5,00,000$ and makes new investments of $10,00,000$ during the period, calculate the number of new shares to be issued. Use MM model.