A company wants to raise $2,887,660 through a rights offering. The subscription or discounted price for the offering is set at $19.47 a share. Currently, the company has 103,450 common shares outstanding at a market price of $22.71 a share. How many rights will be needed to purchase one new common share in this offering?

	0.70
	0.71
	0.73
	0.75
	0.77