Assume an investor holds $10 million of credit protection on a company with the following debt issues trading in the market. A 5-year senior unsecured bond trading at 66% of par. A 1-year senior unsecured bond trading at 45% of par. A 3-year subordinated unsecured bond trading at 23% of par. The company files for bankruptcy. What is cash settlement on the cheapest-to-deliver obligation for a senior CDS contract?