A company purchases raw materials worth `11.04 lakh and processes them into four products P, Q, R and S, which have a unit sale price of `3, `9, `16, and `60, respectively at split-off point, as they...

A company purchases raw materials worth `11.04 lakh and processes them into four products P, Q, R and S, which have a unit sale price of `3, `9, `16, and `60, respectively at split-off point, as they could be sold as such to other processors. However, during year, the company decided to further process and sell products P, Q and S, while product R would be sold at split-off point to other processes. The processing of raw materials into the four products cost `28 lakh to the company. The other data for the year were as under (amount in `lakh):

You are required to work out the company’s annual income If the joint costs are allocated amongst the four products on the basis of ‘net realisable value’ at split-off point, what would be the compan’s annual income?