Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $70. The current price is $86.00 per share and there are 3 million shares outstanding. The rights offer would raise a total of $57,000,000.

How many rights are required to get a new share? Round your answer to the nearest integer.

Given the number of rights required to get a new share from the answer above, what is the subscription price (the price for a new share)? Round your answers to 2 decimal places.

What is the value of a right? Round your answers to 2 decimal places.