Jennifer owns $14,000$ shares of Calico Clothing. Currently, there are $1\mathrm{.}6$ million shares of stock outstanding. The company has just announced a rights offering whereby $200,000$ shares are being offered for sale at a subscription price of $$14$ a share. The current stock price is $$16$ a share. Assume that Jennifer sells her rights and that all rights are exercised. What percentage of the firm will Jennifer own after the rights offering?