10 Delovely Productions Limited wants to raise $39 million for shows. A rights offering will be used to raise the necessary capital from existing shareholders. Each of the six million shareholders will receive one right. The subscription price is $13 per share, and the market price of the existing shares is currently $17. Calculate the value of a right at the present time. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) 1 DOS Right value DE1243