Valuation based on shareholders' rate of return earned from a listed company. The following information relates to a listed Company A. Statistics of the company, Company A, to be valued: Dividend/share just paid = 12c Historical dividend growth rate = 5%/year. This is expected to be maintained in the future. Statistics of a suitable listed company (same business and same gearing): Share price = $2.40 Dividend just paid = 22c Historical dividend growth rate = 10%/year. This is expected to be maintained in the future. Company B is unlisted and want to know the valuation of the business for strategic planning purposes. Required: Calculate the share value of the unlisted Company B which operates in the same industry with Company A. Show all workings