Adrian owns 15% of AAI. AAI had 125,000 shares currently outstanding and the market price for these is currently $20 per share. AAI's executive recently announced that the company will issue another 125,000 shares at a subscription price of $17.50. Adrian is not interested in buying any additional AAI shares and has decided not to participate in the new offering. What will Adrian's ownership position be in AAI after the offering is completed?