Hujiko Limited has 16 million ordinary shares outstanding which were originally issued at $3.91 but now trading at $44. Management is planning to raise extra share capital through a 1-for-6 renounceable rights issue at $36.

Calculate the theoretical share price,to the nearest cent,following the rights issue.

Calculate the amount of equity capital Hujiko should expect to raise from the rights issue. Show your answer inmillions of dollars(for example, $123,456,789should be shown as 123.

If an investor wishes to sell their rights rather than take up the offer, how much can each right be sold for, to the nearest cent?