The management of Patricia's Paddle Boats has proposed to reorganize the firm. The proposal is based on a going-concem value of Php2,100,000. The proposed financial structure is Php1,000,000 in new mortgage debt, Php100,000 in subordinated debt and Php1,000,000 in new equity. All creditors, both secured and unsecured, are owed Php2,500,000. Secured creditors have a mortgage lien for Php1,300,000 on the factory. The corporate tax rate is 34%. 4) How much should the unsecured creditors receive