17. Alpha Inc wants to raise $22.5 million through a rights offering for an expansion project. The subscription price for the offering is set at $15 a share. Currently, the company has 3 million shares of stock outstanding at a market price of $17.5 a share. Each shareholder will receive one right for each share of stock they own. How many rights will a shareholder need to purchase one new share of stock in this offering? A. 1.86 B. 1.52. C. 1.34 D. 1.6 E. 2