A company wants to raise $3,257,750 through a rights offering. The subscription or discounted price for the offering is set at $23.11 a share. Currently, the company has 118,710 common shares outstanding at a market price of $26.35 a share. How many rights will be needed to purchase one new common share in this offering? Question options: 0.76 0.78 0.80 0.82 0.84