X Ltd is currently having $100000$ equity shares of the face value of Rs $10$ each. It is expected that company will have net profit of Rs $500000/.$ Due to recessionary condition, company expects $10\%$ return on investment. The equity capitalization is $12\%.$ Find out the market price per share according to Gordon Model under different payout ratios of $40\%,60\%$ and $80\%.$