Ajeet and Baljeet are partners in a firm. Their capitals are ₹ 9,00,000 and ₹ 6,00,000 respectively. During the year ended 31st March, 2023 the firm earned a profit of ₹ 4,50,000

Ajeet and Baljeet are partners in a firm. Their capitals are ₹ 9,00,000 and ₹ 6,00,000 respectively. During the year ended 31st March, 2023 the firm earned a profit of ₹ 4,50,000. Assuming that the normal rate of return is 20%, Calculate value of goodwill of the firm:

i) By Capitalisation Method; and

ii) Bu Super Profit Method if the goodwill is valued at 2 year’s purchaes of super profit.