Year The profits and losses for the last years are: Profit/(loss) The 2001-2002(20, 000) 2002-2003(5, 000) 2003-20041, 96,000 2004-20051, 52,000 average capital employed in the business is Rs. 4, 00, 000. The rate of interest expected from capital invested is 12%. The remuneration of partners is estimated to be Rs. 2, 000p.m. not charged in the above losses/profits. Calculate the value of goodwill on the basis of 2 years purchase of super profits based on the average of four years.