A property is encumbered as follows:

First mortgage, A: $$250,000$

Second mortgage, B: $$40,000$

Third mortgage, $C$:$$10,000$

How much can mortgagee $B$ pay for the property at a foreclosure sale without having to raise additional funds?

Multiple Choice

$$290,000$

$$50,000$

$$300,000$

$$ $$40,000$