Sun Ltd., earns a profit of Rs.32Lakhs annually on a average before deduction of income-tax which works out to 35% and interest on debentures. Normal return on equity shares of companies similarity placed is-9.6\% provided: Profit after tax covers fixed interest and fixed dividends at least 3 times. Capital gearing ratio 0.75. Yield on share is calculated at 50% pf profits distributed and at 5% on undistributed profits. Sun Lte., has been regularly paying equity dividend of 8%. Compute the value per equity share of the campany