The following figures are collected from the annual

report of XYZ Ltd$.$:

Net Profit Rs$.30$ Lakh

No$.$ of equity shares $3$ lakhs

Return on investment $20\%$

Cost of Capital i$.$e$.(K_e)16\%$

Earnings per share $($E$)$ Rs$.6\mathrm{.}00$

Calculate price per share using Gordon's Model

when dividend pay$-$out ratio is $($i$)25\%($ii$)50\%($iii$)$

$100\%$