There was once a troop of 5 elves. The 5 elves were very dedicated on finding the magical treasure of 1000 coins. However, being elves, they were super geniuses, very greedy and they did not hesitate in taking lives of other elves. The 5 elves were named Aye, Bee, Cee, Dee and Ee, ranked from high to low respectively, from Aye to Ee. One fine day, their efforts brought results and they found 1000 coins. Now they had to split it in between them as per their ranks. The lowest ranked elf has to make the proposal. If the proposal is accepted by majority, it is agreed, or the suggesting elf is killed.
What proposal should elf Ee make ?