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Company's share capital is $ 11,00.000 divided into shares of ₹ 10 each. Of these, 40,000 shares are 8% preference shares and remaining are equity shares. The average profit after tax @ 50%) earmed during the past three years was * 1,50,000. in future, expenses will increase by 12,000 p.a. The normal rate of return is 10%. Find out the value of Equity share.​

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