Southeastern Wear Inc. has the following balance sheet:

Current Assets

$$1,500,000$

Account Payable

$$300,000$

Fixed Assets

$$1,500,000$

Notes Payable

$$700,000$

Subordinated Debentures

$$700,000$

Total Debt

$$1,700,000$

Common Equity

$$1,300,000$

Total Assets

$$3,000,000$

Total Liabilities and Equity

$$3,000,000$

The trustee$$s costs total $$177,211$ and the firm has no accrued taxes or wages. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, what percentage of the original claim will subordinated debentures receive $($in percent$)$ if a total of $$1\mathrm{.}6$ million is received from the sale of the assets?