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Please help me solve this problem please help me solve this problem, Nemesis, Inc., has 120,000 shares of stock outstanding. Each share is worth $69,

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Please help me solve this problem please help me solve this problem,

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Nemesis, Inc., has 120,000 shares of stock outstanding. Each share is worth $69, so the company's market value of equity is $8,280,000. Suppose the firm issues 21,000 new shares at the following prices: $69, $66, and $61. What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share? (Leave no cells blank; if there is no effect select "No change" from the dropdown and enter "0". Round your answers to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Price Ex-Rights Effect Amount a. $ 69 69.00 V No change $ OV per share b. $ 66 $ 68.55 Price drops by $ 0.45 per share C. $61 $ 67.81 V Price drops by $ 394. 14 X per share

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