2. You currently own 200 shares of a stock valued at $21 a share. A rights offer has just been announced that grants the option of obtaining one new share for two rights plus $17. Each current share is entitled to one right. What is the value of each right? 3. Lasko's has 250,000 shares of stock outstanding, $400,000 in perpetual annual earnings, and a discount rate of 16 percent. The firm is considering a new project that has initial costs of $350,000 and annual perpetual cash flows of $60,000. How many new shares must be issued to fund the new project? Ignore taxes