A) To your great surprise 100% of the 100,000 outstanding shares of the company that owns the uncut diamonds, Sparkles plc is transferred to your name. The diamonds need to be cut and polished. The cutting will cost around 55,000 and the polishing around 35,000. The investment bank organising the rights offer will charge Sparkles 10,000 in fees. You do not have any cash left and want pay for the above expenses or buy additional shares via a rights offering. You want to maintain majority control (>50%) of shares outstanding and raise at least 25,000 from selling all of your rights, is this possible? B) How would you structure the rights offer to maximise your ownership while raising 25,000 from the sale of rights? C) How would implementing Modiglini and Miller Proposition II with taxes change your answer to d&e? Would you propose an alternative to the rights offer?