Problem $14-22$ Rights issues

Associated Breweries is planning to market alcohol$-$free beer. To finance the venture, it proposes to make a rights issue at $$13$ of one

new share for each five shares held. $($The company currently has outstanding $200,000$ shares priced at $$37$ a share.$)$

Assuming that the new money is invested to earn a fair return, give values for the following:

Note: For requirement e$,$ do not round intermediate calculations and round your answer to $2$ decimal places.

a$.$ Number of new shares

b$.$ Amount of new investment

c$.$ Total value of company after issue

$\backslash$table$[[$d$.$ Total number of shares after issue,$],[$e$.$ Stock price after issue,$]]$