On December 31, 2015, the Balance Sheet of P Ltd.reveals the following position:On December 31, 2015, the fixed assets were independently valued at ₹ 3,50,000 and the goodwill at ₹ 50,000. Thenet profits for the three years were :

2013 ---- ₹ 51,600;

2014 ---- ₹ 52,000;

2015 ---- ₹ 51,650 of which 20% was placed under reserve, this proportion being considered reasonable in the industry in which the company is engaged and where a fair investment return may be taken at 10%. Compute the value of the company’s shares by

(a) The Net Assets Method;

(b) The Yield Value Method;

(c) The Earning Capacity Method.

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I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital - 40,000 Equity Shares of * 10 each fully paid (b) Reserves and Surplus - General Reserve (4) Current Liabilities : (2) Share Application Money Pending Allotment : (3) Non-current Liabilities: (a) Other Current Liabilities (a) Long-term Borrowings-5% Debentures TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets Balance Sheet of P Ltd. as at 31st December, 2015 (2) Current Assets: Particulars (1) (a) Other Current Assets TOTAL Profit and Loss Account (i) Tangible Assets (ii) Intangible Assets -- Goodwill Note No. (2) Amount (3) 4,00,000 90,000 20,000 1,00,000 1,30,000 7,40,000 5,00,000 40,000 2,00,000 7,40,000