Collin Makeba (age 43) is employed as a General Manager at Exclusive Traders (Pty) Ltd. During the 2024 year of assessment, the company granted Collin the use of a 6 roomed unfurnished house for the entire year of assessment. The house is owned by Exclusive Traders and the company paid for electricity and water usage. When calculating the value of the benefit for tax purposes, variable C in the formula will have a value of ?

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