Use the Following Information to Answer the Questions

Multiple Choice

Use the following information to answer the Questions
Jack and Jill went up the hill and found an antique water pail. Jack and Jill must now make a fair division of the pail using the Knaster inheritance procedure. Jack bids $80 for the value of the pail and Jill bids $65.
-What is the outcome of the fair division?

A) Jack gets the pail and pays Jill $36.25.
B) Jack gets the pail and pays Jill $40.
C) Jack gets the pail and pays Jill $32.50.
D) Jack gets the pail and Jill gets $65.