From the following particulars, calculate value of goodwill of a firm by Capitalization of Average Profit Method:

• Profits of last five consecutive years ending 31st March, are:

XXXX- Rs. 54,000; XXXX – Rs. 42,000; XXXX – Rs. 39,000; XXXX – Rs. 67,000; XXXX – Rs. 59,000

• Capitalization rate 20%.

Net assets of the firm Rs. 2,00,000.