P15-3 Rights [LO4] Red Shoe Co. has concluded that additional equity financing will be needed to expand operations and that the needed funds will be best obtalned through a rights offering. It has correctly determined that as a result of the rights offering, the share price will fall from $140 to $98 ($140 Is the rights-on price; $98 is the ex-rights price,also known as the when-issued price). The company is seeking $15 million In additional funds with a per-share subscription price equal to $70. How many shares are there currently, before the offering? Assume that the Increment to the market value of the equity equals the gross proceeds from the offering) O 142,857 O 150,000 O 247755 O 137143 O 148,571