A company just announced a rights offering to raise $200,000,000. Currently, the company has 4,000,000 shares outstanding that sell for $180 each. The company will sell 1,333,333 new shares through this rights offering, which will result in the company having 5,333,333 shares outstanding after the rights offering. What is the value of a right if the subscription price is set at $150 and it will take 3 rights to buy a share via this rights offering? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50 Numeric Response