The following is the Balance Sheet of B Company Ltd. as on 31st March, 2016:

All the assets were independently valued at ₹13,80,000.
The company earned net profits for the last five years as follows : ₹80,000, ₹ 84,000, ₹92,000, ₹88,000 and ₹ 96,000. It was decided to set aside 15% of the profits towards General Reserve. This proportion was considered reasonable in the industry in which the company was engaged and where a fair investment return may be taken at 10%. Find out the value of equity shares of the company under:

(a) Assets Valuation;

(b) Yield Valuation Method.

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L. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital - 6,000 Equity Shares of 100 each fully paid (b) Reserves and Surplus -- General Reserve (4) Current Liabilities: (a) Trade Payabes (b) Other Liabilities Balance Sheet of B ompany Ltd. as at 31st March, 2016 (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets (a) Long-term Borrowings-500, 6% Debentures of 100 each (i) Tangible Assets: Particulars (1) (b) Non-current investments (2) Current Assets: TOTAL Profit and loss Account (ii) Intangible Assets -- Goodwill Land and Buildings Plant and Machinery Fumiture (a) Inventories (b) Trade Receivables-Sundry Debtors (c) Cash and Cash Equivalents-Cash at Bank Note No. (2) Amount (3) 6,00,000 70,000 20,000 5,00,000 30,000 10,000 12,30,000 4,10,000 3,40,000 60,000 70,000 1,00,000 1,20,000 80,000 50,000 12,30,000