The current dividend on an equity share of Bharat Limited is Rs.8.00 on earnings per share of Rs. 30.00. Assume that the dividend per share will grow at the rate of 20 percent per year for the next 5 years. Thereafter, the growth rate is expected to fall and stabilize at 12 percent. Investors require a return of 15 percent from Bharats equity shares. What is the intrinsic value of Bharats equity share? A. Rs. 415.02 B. Rs. 439.06 C. Rs. 476.79 D. Rs. 478.45