William Lambe owns $100\%$ of the issued common shares of W Ltd$.,$ which have an adjusted cost

base $($ACB$)$ and paid$-$up capital $($PUC$)$ of $$100$ and are currently worth $$200,000.$ William wants

Victor Patel to acquire a $50\%$ interest in W Ltd$.$ Victor can acquire his $50\%$ interest by purchasing

shares from William or by purchasing previously unissued shares from W Ltd$.$

For both alternatives, determine the purchase price for Victor, the ACB and PUC of the shares

acquired by Victor, and the tax implications for William.