(1)   Felonies in the statutes are classified as follows:

     (a)    Class A felony.

     (b)    Class B felony.

     (c)    Class C felony.

     (d)    Class D felony.

     (e)    Class E felony.

     (f)    Class F felony.

     (g)    Class G felony.

     (h)    Class H felony.

     (i)    Class I felony.

   (2)   A felony is a Class A, B, C, D, E, F, G, H, or I felony when it is so specified in the statutes.

   (3)   Penalties for felonies are as follows:

     (a)    For a Class A felony, life imprisonment.

     (b)    For a Class B felony, imprisonment not to exceed 60 years.

     (c)    For a Class C felony, a fine not to exceed $100,000 or imprisonment not to exceed 40 years, or both.

     (d)    For a Class D felony, a fine not to exceed $100,000 or imprisonment not to exceed 25 years, or both.

     (e)    For a Class E felony, a fine not to exceed $50,000 or imprisonment not to exceed 15 years, or both.

     (f)    For a Class F felony, a fine not to exceed $25,000 or imprisonment not to exceed 12 years and 6 months, or both.

     (g)    For a Class G felony, a fine not to exceed $25,000 or imprisonment not to exceed 10 years, or both.

     (h)    For a Class H felony, a fine not to exceed $10,000 or imprisonment not to exceed 6 years, or both.

     (i)    For a Class I felony, a fine not to exceed $10,000 or imprisonment not to exceed 3 years and 6 months, or both.