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Intemational Sealants inc, is considering a fights offering to ralse new equily capital. The firm eurrently has 1,375,000 shares outstanding that are selling for $42.50

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Intemational Sealants inc, is considering a fights offering to ralse new equily capital. The firm eurrently has 1,375,000 shares outstanding that are selling for $42.50 per shate The company wants to ralse $10,000,000 in new equity funding. They plan to price shares in the rights offering at $35. How many rights wit be required to purchase a new share? (Present your answer to two decimal places, e.9. 3 .87) Numeric Hospanse

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