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company PT Simbu will conduct a rights issue with the following conditions: Each owner of 2 old shares has the right to buy 1 new

company PT Simbu will conduct a rights issue with the following conditions:

Each owner of 2 old shares has the right to buy 1 new share at a price of $12,000 per share. The number of old shares outstanding is $50,000,000 with an exchange price of $13,000 per share.

a. How much money will be raised from the rights issue?

b. It is expected that the proceeds from the rights issue can be invested with an NPV of +$500,000,000. What is the share price after the rights issue?

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