Use the following information for Questions 11-13: A company needs to raise $1,000,000 for a new project. It has decided to use a rights offering to raise the money. The current stock price is $45. The subscription price is set at $40. The company currently has 2,500,000 shares outstanding. 11) How many new shares will be issued? Answer: 12) How many rights will it take to purchase one new share? Answer: I 13) What is the value of a right? Answer: