A firm wishes to raise $50 million now. The firm's current market value of equity is $200m and the market price per share is $10. They can issue shares in a rights issue at a subscription price of $8. Which of the following statements is NOT correct? a. The firm currently has 20m shares on issue. b. The firm will need to sell 5m new shares in the rights issue. c. The company should do a 4-for-25 rights issue. d. After the rights issue the market share price will be $9.7241. The value of one right would be $1.7241. e. If you don't take part in the rights issue and it is non-renounceable, you will lose $0.275862 per share