8-4. A broker obtains a lease from a landowner who retains an 20% royalty interest. The broker turns 100% of the deal for an 8% overriding royalty interest proportionately reduced to an independent. The Independent farms the deal out to Farmee No. 1 for a 7% Far override convertible to a 40% WI on 52. payout proportionately reduced. plus a) Determine the working and net red revenue interest for each player until rem payout occurs. How is payout who calculated for the reversion? the the b) Determine the working and net that revenue interest for each player after casi payout occurs. % (]