for the valuation of shares goodwill shall be taken at 2 years rsquo purchase of the 619506

From the following information, you are required to compute the value of each share:

For the valuation of shares, goodwill shall be taken at 2 years’ purchase of the average profit of the last 5 years. The profits for the last 5 years were: Rs.3,00,000; Rs.3,50,000; Rs.2,00,000; Rs.2,50,000 and Rs.2,50,000.