A business has earned average profit of Rs. 4,00,000 during the last few years and the normal rate of return in similar business is 10%. Find the value of Goodwill by:

• Capitalization of Super profit Method, and
• Super Profit Method if the goodwill is valued at 3 years’ purchase of super profits.

Assets of the business were Rs. 40,00,000 and its external liabilities Rs. 7,20,000.