Question 6 (1 point) McMuffin Corp currently has 10 million shares outstanding with a current price of $40. If McMuffin initiates a rights offering where 10 rights are required to purchase one share with a subscription price of $38. How much money will McMuffin raise if all of the rights are exercised? (Assume each existing shareholder is sent one right for each share she holds. Ignore transaction costs.) 2 million 38 million 40 million 380 million 400 million