Garcia & Smith owe $96 to its bondholders for the payment of principal and interest. The company expects to have a cash flow of $224 if the economy continues as it is but that cash flow will decrease to $88 if the economy enters a recession. Should the company ever face the real possibility of bankruptcy, it will incur legal and other fees of $22. What amount will the bondholders be paid in the case of a recession?

$22

$96

$88

$0

$66