Hubbard Heaters Inc. is financed 30% with common equity, 30% with preferred equity and 40% with debt. Total payments made to these financiers last year was $500,000. This year, due to unseasonably warm temperatures, Hubbard only produced $300,000 of gross profit. Assuming Hubbard has no other sources of cash to make payments to its investors and creditors, which group is most likely to receive a lower payout than last year?

Group of answer choices

Debtholders

Common stockholders

Preferred stockholders