Delovely Productions Limited wants to raise $$42$ million for shows. A rights offering will be used to raise the necessary capital from existing shareholders. Each of the four million shareholders will receive one right. The subscription price is $$21$ per share, and the market price of the existing shares is currently $$29.$

Calculate the value of a right at the present time. $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Right value