ASAP !!!

Melo Delovely Productions Limited wants to raise $46 million for shows. A rights offering will be used to raise the necessary capital from existing shareholders. Each of the six million shareholders will receive one right. The subscription price is $23 per share, and the market price of the existing shares is currently $27. Calculate the value of a right at the present time. (Do not round Intermediate calculations. Round the final answer to 2 decimal places.) Right value