Delovely Productions Limited wants to raise $30 milion for shows. A rights offering will be used to raise the necessary capital from existing shareholders. Each of the five million shareholders will receive one fight. The subscription price is $12 per share, and the market price of the existing shares is currently $17 Calculate the value of a right at the present time. (Do not round intermediate colculations. Round the final onswer to 2 decimal places.) Right value $