Please show work

Problem \#1: The Timken Company has announced plans to use a rights offer to raise $30 million for a new scholarly publication, the Journal of Financial Excess. This journal will review potential articles after the author pays a nonrefundable reviewing fee of $3,500 per page. The stock currently sells for $52 per share, and there are 2.5 million shares outstanding. The subscription price is set at $44 per share. A. How many new shares must be issued under the rights offer plan? B. Under the plan, how many rights would be required to purchase one newlyissued share? C. What will be the fair value of one right under the above plan