The following information pertains to M/s XY Ltd. 25,00.000 60% 1,00,000 Earnings of the Company Dividend Payout ratio No. of shares outstanding Equity capitalization rate 12% Rate of return on investment 15% Cost of Capital & Capital Structure (i) What would be the market value per share as per Walter's model? (ii) What is the optimum dividend payout ratio according to Walter's model and the market value of Company's share at that payout ratio