P20-8. Price Dilution Raggio Inc. has 140,000 shares of stock outstanding. Each share is worth $99, so the company's market value of equity is $13,860,000 Suppose the firm issues 28,000 new shares in a rights offering. (Do not round the intermediate calculations. Round the answers to decimal places. Leave no cells blank - be certain to enter "O" wherever required. Omit $ sign in your response.) a. What will be the effect on the existing price per share if the new shares are issued at $99? (Click to select) b. What will be the effect on the existing price per share if the new shares are issued at $88? (Click to select) (Click to select) $ c. What will be the effect on the existing price per share if the new shares are issued at $81? (Click to select) 1 $D