5 6 7 18. 19 20 21 G H Hickock, Inc., is proposing a rights offering. Presently there are 350,000 shares outstanding of the company's stock at $64 per share. There will be 50,000 new shares offered at $58 each. 22 a) What is the new market value of the company? b) How many rights are associated with one of the new shares? c) What is the ex-rights price? d) What is the value of a right? e) Why might a company have a rights offering rather than a general cash offer? Use the Template Provided Below to Create Your Solution - Pay close attention to the formulas and formattin Input Area: Shares outstanding (number of shares) Current Price ($ per share) New shares (number of shares) New Price ($ per share) Output Area: 24 25 a. New market value 26 b. Number of rights needed #DIV/0! 27 c. P(x) #DIV/0! 28 d. Value of a right #DIV/0! 29 e.