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Kesler Innovations has decided to produce Metal Detecting Sandals. They need $17,000,000 to pursue the project and have decided to use a rights offering to

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Kesler Innovations has decided to produce Metal Detecting Sandals. They need $17,000,000 to pursue the project and have decided to use a rights offering to raise the money. Kesler currently has 500,000 shares outstanding at a price of $200.00 per share. The new shares will be priced at $170.00 and 100,000 new shares will be issued. How many rights will be needed to purchase one new share

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