Question 4 7 Points Hendra Heights Ltd has 28 000 000 shares on issue. The company makes a rights issue on the basis of one share for every four already held. The subscription price for a new share is $4.20 per share. If all rights are taken up such that the issue is fully subscribed, and the current market value of the company's shares is $7.50, what is the amount raised by the company through the rights issue? $16.8m A B $29.4m $445.6m D) $450.0m