Profits for the five years ending 31st March, are as follows:

Year 2021: ₹4,00,000; Year 2022: ₹3,98,000; Year 2023: ₹4,50,000; Year 2024:  ₹4,45,000 and Year 2025: ₹5,00,000.

Calculate goodwill of the firm on the basis of 4 years’ purchase of 5 years’ average profit.

(NCERT, Modified)