JKL is a listed entity preparing financial statements to the 31st of August. At 1st september 2015, JKL had 6,000,000 50c shares in issue. During 2016, the entity made a Rights Issue of 1 for 4 at 125 cent per share, the issue was successful and all rights were taken up. The earnings after tax for the year ended 31st August 2016 was 2,763,000. The rights issue was offered at a discount of 20%. 1) calculate the TERP (theoritical ex rights price) B) calculate the value of the right of the NEW share C) calculate the value of the right of the OLD Share D) what was the number of shares in circulation AFTER the rights issue