Prague Ltd required funding for a new project and is considering a rights issue to raise the required R36 000 000. Prague Ltd currently has 50 million R1 shares in issue, trading at R9.00. The directors believe that a discount of 20% will be required to encourage investors to take up their rights. What should the terms of the rights issue be? (2) A 1 for 3 B 1 for 5 C 1 for 10 D 1 for 12