The following scenario relates to the following questions The directors of Park Co are considering making an offer to buy 100% of the shares in Ride Co, a competitor company. Extracts from the most recent financial statements of Ride Co are as follows Statement of Profit and loss for year ended 31/12/15 000 Profit before tax 2,200 Tax at 30% (660) Profit after tax 1,540 Dividends declared 250 Statement of Financial Position at 31/12/15 Freehold land and Buildings 8,500 Plant and Machinery 5,800 Current Assets 4,300 Share Capital (50c Ordinary Shares) 500 Retained Earnings 7,900 Long Term loans 8,000 Current Liabilities 2,200 Additional Information Some Research into listed companies in this industry shows the following Average PE Ratio 11 3% Average Dividend yield Average Earnings yield 5% Average Dividends Growth rate 6% Required Rate of return 10% This information relates to questions 19-23 Question 19 (1 point) Calculate the value of Ride Company using the Net Assets Basis 14,300,000 6,300,000 8,400,000 6,900,000 Question 20 (1 point) Calculate the Value per share of Ride Co using the Dividend Yield basis 8.33 8.50 16.66 5.00 Question 21 (1 point) Calculate the value of the Share of Ride Co using the Earning yield method 48.30 51.33 30.8 40.80 Question 22 (1 point) Using the Gordon Growth Model, Calculate the value of the Share of Ride Company 5.665 6.552 6.625 6.650 Question 23 (1 point) What is the estimated TOTAL value of Ride Ltd using the P/E method of valuation ? In Millions