Associated Breweries is planning to market unleaded beer. To finance the venture, it proposes to make a rights issue with a subscription price of $10. One new share can be purchased for every two shares held. The company currently has outstanding 140,000 shares priced at $70 a share. Assuming that the new money is invested to earn a fair return, give values for the following:

a.	Number of new shares.

Number of new shares

b.	Amount of new investment.

New investment

$

c.	Total value of company after issue.

Value of company

$

d.	Total number of shares after issue.

Total number of shares

e.	Share price after the issue.

Share price after issue

$