Red Shoe Co. has concluded that additional equity financing will be needed to expand operations and that the needed funds will be best obtained through a rights offering. It has correctly determined of the rights offering, the share price will all from $70 to $49 ($70 Is the rights-on price: $49 is the ex-rights price,also known as the when-issued price). The company is seeking $10 million in additional funds with a per-share that as a result subscription price equal to $35. How many shares are there currently, before the offering? Assume that the increment to the market value of the equity equals the gross proceeds from the offering) O 330,340 O 182,857 O 200.000 O 190,476 0 198,095 2 3 4 5 6 9 A/