In the MW partnership, M's capital is $140,000 and W's is $40,000 and they share income in a 3:1 ratio, respectively. They decide to admit R to the partnership. Each of the following questions is independent of the others. (3, 4)

3. Refer to the information provided above. What amount will R have to invest to give him one-fifth percent interest in the capital of the partnership if no goodwill or bonus is recorded?