Sheetal Industry's earnings and dividends have been growing at a rate of 24% per annum. This growth rate is continued for 3 years. After that the growth rate will fall to 16% for the next 5 years. Thereafter, the growth rate is expected to be 10% forever. If the last dividend per share

was Rs. 3.00 and the investors' required rate of return is 15%, what is the intrinsic value per share?