Computer Graphics has announced a rights offering for its shareholders. Carol Stevens owns 2,500 shares of Computer Graphics stock. Five rights plus $65 cash are needed to buy one of the new shares. The stock is currently selling for $82 rights-on.

a. What is the value of a right? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b-1. How many of the new shares could Carol buy if she exercised all her rights? (Do not round intermediate calculations. Round your answer down to the nearest whole number.)

b-2. How much cash would this require? (Round down the number of shares to the nearest whole number and round your answer to the nearest whole dollar.)