Question 12 (1.5 points) EXPA currently has 1,280,000 common shares outstanding at a price of $ 160 per unit. A new investment project requires $ 20,000,000 in new capital. EXPA is studying the possibility of issuing new common shares to raise these new funds. The subscription price is set at $ 125 per common share. To do this, subscription rights will be distributed to current shareholders, depending on the number of shares they hold, in order to protect them against the adverse effects of dilution resulting from a new issue of ordinary shares. Determine the expected price of the share after the rights are issued.

Options $ 167.6666 $ 150.0000 $ 160.0000 $ 146.3333 $ 156.1111