From the following information of ABC Ltd, determine the market price of a share using Gordon's model.
Total investment in assets = Rs. 10,00,000
Number of shares = 50,000
Total earnings = Rs. 2,00,000
Cost of capital = 16%
Payout ratio = 40%
A. Rs. 20
B. Rs. 40
C. Rs. 60
D. Rs. 80
Answer: Option B
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