When the wallet chooses which input to use for a payment, it will chose the input closest to, but not less than, the output required. The input closest to the 49,000 + fees will be chosen. If there are two identical and equally close inputs, I think the latest input is the one that will be used.
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What? But then this "whoever funds first" rule is not correct? You would also need to fund the most accurate amount too, which is 49 588 Bytes?