Positional values of T and E are 20 and 5 respectively. 20 ÷ 5 = 4 which is a place value of D. Positional values of R and F are 18 and 6 respectively. 18 ÷ 6 = 3 which is a place value of C. Similarly, Positional values of X and B are 24 and 2 respectively. 24 ÷ 2 = 12 which is a place value of L. Hence, L is the correct answer.