Below are the liabilities of a firm:

First mortgage $($use fixed assets as collateral$)$: $8$ million.

Second mortgage: $1$ million.

Notes payable $($to banks$)$: $3$ million.

Account payable: $2$ million.

Subordinated debentures: $1$ million

Fixed assets can be sold at $$5$ million.

Funds available for distribution to general creditors are $4$ million.

What is the percentage of the original claim received by the first mortgage creditor?

$70\mathrm{.}5\%$

$68\mathrm{.}5\%$

$62\mathrm{.}5\%$

$77\mathrm{.}5\%$