Problem 15-14 Selllng Rights [LO4] Prahm Corp. wants to raise $5.4 million via a rights offering. The company currently has 620,000 shares of common stock outstanding that sell for $57 per share. Its underwriter has set a subscription price of $24 per share and will charge the company a spread of 5 percent If you currently own 5,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights? (Do not round Intermedlate calculatlons and round your answer to 2 declmal places, e.g, 32.16.) Your proceeds from sale of rights