If Average Capital Employed in a firm is ₹ 9,00,000; Average Profits ₹ 2,80,000 and Normal rate of return is 20%, then value of goodwill as per capitalization of super profits is:
1
₹ 1,24,000
2
₹ 5,00,000
3
₹ 45,00,000
4
More than one of the above
5
None of the above