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c c c

  
V VVV 
   

  

 


c      


c 
c c c 
  ! 

      

 

V VV !!"#$#%&"!$'&#& ()*!!%&+!$,&,-()$$$$*+$!*'*-

 #,#'!). -

c   
    
Then Value of the firm has been calculated by using formula:

[ [[ [ [[  [ [[  [ [[ 


      
    
 
[ [[ 



  

[ [[

  "!


   

/#      0  00    , 
! 
  
  

1 2#      0     0   
V VV   
 00 0 

1!'3 

 0
 0

  4   +%3  1   


+ 
 
  
 '3