MNO Company maintained two standard fire insurance policies on one of its warehouses. Both policies included an 80% coinsurance clause and a typical other insurance clause for multiple policies. One policy was with Fire Insurance, Inc. (Fire) for $24,000, and the other was with Casualty Co (Casualty), for $16,000. When the warehouse was worth $100,000, a fire in the warehouse caused a $40,000 loss. What amount can MNO recover from Fire and Casualty, respectively?

a. $24,000 and $16,000.

b. $12,000 and $8,000.

c. None from either.

d. $10,000 and $10,000.