Mr. sharma has $$60$$ shares of $$N.V. Rs 100$$ and sells them when they are at a premium of $$60\%$$. He invests the proceeds in shares of nominal value $$Rs 50$$. quoted at $$4\%$$ discount, and paying $$18\%$$ dividend annually. calculate:
(i) the sale proceeds:
(ii) the numbers of share he buys: and
(iii) his annual dividend from the shares.