Question nine is a liquidation analysis. We're going to look at the liquidation proceeds that we recovered in the exercise on liquidation value, and we're going to see how they would be applied to the outstanding debt held by the creditors. So if we take a look down at the outstanding debt, what we'll see is that there are four different tranches of debt. The bottom two, the subordinated debt and the second-lien priority notes, these are both hard coded as zero and the reason why they're hard coded as zero is because they have second claims on the assets. We're dealing with collateral now. So the collateral has been laid out in the following way. The first two tranches, the revolving credit facility and the senior first lien have the first-lien claims on the assets. They have the senior claim on the assets, the collateral. The second priority notes are a second-lien claim. And the subordinated debt have essentially no claim on the assets. They're unsecured. So in that sense, we can pretty much guarantee that they're not gonna get anything here, and that's just simply by looking at the proceeds of the 859.8. So in terms of how we will apportion these proceeds to the outstanding first-lien facilities, we don't know exactly the terms of these two different tranches of debt. Occasionally, the revolver can be termed super senior, meaning it has a first claim on the assets. However, we're going to assume in this case since we don't know that specifically that the revolving credit facility and the senior first-lien are pari-passu, meaning that they have equal claim on these assets. They most likely will have either what we call split collateral, meaning that each will have a claim on a different group of assets. The revolver will be linked perhaps to the working capital and the first-lien claims will be linked to intangibles and perhaps any other long-term assets. It's also possible that they have shared collateral. So again, because we don't know this, we're simply going to apportion the liquidation proceeds according to the pro-rata share of the outstanding debt. So we're gonna take that 859.8 and multiply it by the revolving credit facility as a percentage of the total first-lien debt. And we'll do the same thing for the senior first-lien debt. We'll take the liquidation proceeds and multiply it by the senior first-lien claims outside of the revolving credit facility over its share of the total first-lien debt. And that should total the 859.8 as it does. Then we wanna take the recovery amount and divide it by the original amount of the holding to determine what percentage of the original debt they were able to recover. And that should be the same in this case for both at 40.3. If we copy this formula down, we simply prove that the second-lien claims, the subordinated unsecured claims and the equity get 0% on their invested capital.