The net profit of a company after providing for taxation for the past five years are :
₹20,000; ₹25,000; ~ 15,000; ₹35,000 and ₹40,000. The net tangible assets in the business is ₹2,00,000 on which the normal rate of return is expected to be 10%. It is also expected that the company will be able to maintain its super profits for the next five years. Calculate the value of goodwill of the business on the basis of an annuity of super profits, taking the present value of an annuity of one rupee for five years at 10% interest is ₹3.78.