The average profits of a firm is ₹98,000. The total assets of the firm are ₹10,00,000. Value of other liabilities is ₹5,00,000. Average rate of return in the same business is 14%. Determine the value of goodwill from capitalization of average profits method -
1
₹7,00,000
2
₹9,80,000
3
₹2,00,000
4
₹3,00,000