Please provide solution.

kopiko Company issued rights to subscribe to its stock, the ownership of 4 shares entitling the shareholders to subscribe for 1

share at P200. Gon Company owns 50,000 shares of Kopiko Company with total cost of P10,000,000. The share is quoted right- on at P250. What is the cost of the new investment if all of the stock rights are exercised by the investor?

a. P2,900,000 c. P2,500,000 b. P3,125,000 d. P3,000,000