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To be able to go on the school excursion, permission slips must be handed in by Friday. There are only 50 places available, and these are allocated to the first 50 students to hand in their permission slips.

Megan: “I’ve already handed in my slip, so I’ll definitely get a place on the excursion.”

Kate: “I won’t be able to hand my slip in until Friday, so I won’t get a place on the excursion.”

If the information in the box is true, whose reasoning is correct?