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Worldwide Widgets Inc. has an outstanding revolving line at a 2% interest rate with a maximum capacity of $10M with no outstanding borrowings, a Term

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Worldwide Widgets Inc. has an outstanding revolving line at a 2% interest rate with a maximum capacity of $10M with no outstanding borrowings, a Term Loan B with a 5% interest rate that amortizes at 1% annually with a face value of $100M, 7 Year 10% Senior Notes of $200M that have 3 years left until maturity, and $100M of 15% unsecured debt. The Company also has $300M of preferred equity that accrues a dividend at 5% annually. What is the Worldwide Widget's mandatory principal payments for this year? $1M $40M $55M $76M

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