Suppose that a recently-healthy firm has just defaulted, has been liquidated, and where the firm's assets were worth $100 million before the liquidation. Also suppose that the firm had, at the time of its liquidation, $12 in preferred stock claims, $45 million in debt claims, $65 million in common stock claims, and that the liquidation process racked up a total of $10 million in legal and administrative expenses. Finally, suppose that the firm was able to recover 100% of the firm's value in liquidation (i.e. $100 million). How much money would common shareholder get in aggregate post-liquidation?
a. $0 million
b. $13 million
c. $23 million
d. $33 million