Blue Valley is planning to raise money for the acquisition of new water tankers by undertaking the right offer. The firm's outstanding shares are 5 million and the current market price is R40 per share. Existing shareholders are asked to pay 60% of the current market price to encourage their participation. If the required amount is R60 million, the number of shares that must be sold is If Miss Luthando owns 800 rights in Blue Valley, the total value of her investment will be after exercising her right, while the Blue Valley price per share will fall to after the right issue