Following information is available: 1. 2,000 10% preference shares of Rs. 100 each Rs. 2,00,000 2. 10,000 Equity shares of Rs. 100 each Rs. 60 per share paid up Rs. 6,00,000 3. Expected profit per year before tax Rs. 3,20,000 4. Rate of Tax 50% 5. Transfer to general reserve every year 20% of net profit 6. Normal rate of earnings 15% The value of equity share as per yield value method would be:

Answer: Option C