Compute for the COST of new investment through the exercise of rights.

The following are the chronological transactions of IPASAMONAPLIS Company: Purchased 8,000 shares of PAKIUSAP Co., ordinary par PIO, at P4() per share Received a share dividend of one share for every four owned Received a cash dividend of P5 per share Received stock rights to purchase one share at P30 for every five shares held. On this date, the share has a market value of P35 ex-right and the right, P5. The company accounts stock rights separately Exercised all rights Sold 8,400 shares at P45 per share