apply profits method of valuation RICS for this:Jennifer Wong’s accounts (abbreviated) show the business turnover and main expense headings over the last 3 full years (year to) noting that the December 2021 figures were influenced by the COVID-19 pandemic. The December 2019 annual figures showed the same sort of picture as for the year ending December 2023: Item Dec 2021 Dec 2022 Dec 2023 Turnover £78,000 £142,000 £154,000 Purchases £16,000 £25,000 £31,000 Working Expenses £16,000 £30,000 £39,000 Mortgage Payments £7,200 £7,400 £10,600 Property upkeep £3,500 £4,000 £8,000 She has paid herself an annual salary of £24,000. During the last year, the profits have slipped slightly due to a bout of ill health during the year. She has invested £15,000 in stock, £6,000 in working capital, and £30,000 in fittings and fixtures. The rate of interest on her capital investment is 20%.