April Corp. is proposing a rights offering. Presently there are $650,000$ sharesoutstanding at RM$21$ each. There will $40,000$ new shares offered at RM$15$each. Calculate the following:$($i$)$New market value of the company.$(3$ marks$)($ii$)$Numbers of rights that associated with one new shares.$(2$ marks$)($iii$)$The ex$-$rights price.$(2$ marks$)($iv$)$The value of a right.$(2$ marks$)($v$)$Total flotation cost. Given the flotation cost is $7$ percent. $(4$ marks$)$