40. Mafia Bank loans $500,000 to Billy Bob, taking a security interest in his $1,000,000 yacht and properly perfecting. A week later, Premier Bank loans $400,000 to BillyBob and takes a security interest in the same yacht. If Billy Bob defaults on both loans and Mafia Bank repossess and sells the yacht, which of the following is true: a. Mafia Bank gets $500,000, Premier Bank gets $500,000 and Billy Bob gets nothing. b. Mafia Bank gets $1,000,000 and Premier and Billy Bob get nothing. c. Mafia Bank gets $500,000, Premier Bank gets $400,000 and Billy Bob gets $100,000 d. Mafia Bank gets $500,000 and the remaining $500,000 is split between Premier Bank and Billy Bob