(b) GT Glove Corporation has announced a rights offer to raise RM2,800,000 for purchasing a new machine with advanced technology. The machine will be use to increase productivity of glove production with the increasing demand of glove due to COVID19 pandemic. The company's current share sell for RM20 per share and there are 800,000 units shares outstanding. Required to calculate: i. The number of shares must be sold if the subscription price is set at RM25. (2 marks) ji. Ex - rights price. (5 marks) iii. Value of a right. (2 marks)