Kiwi Airlines is looking to expand its business post-pandemic and is contemplating a renounceable rights issue to raise funds to accomplish this. Kiwi Airlines currently has 75 million shares outstanding with a market value of $5.00 each. Kiwi Airlines needs to raise $100 million and has contracted you to design a rights issue to accomplish this. You recommend that the offer price for the new shares is $4.00 per share. 20 Calculate: a. How many new shares will be needed. b. How many existing shares must be held to obtain the right to one new share. c. What the theoretical ex-rights price of the new share will be. d. What the theoretical value of each right will be Fill in your answer here Heln