Suppose you own 10,000 shares of common stock in a firm Y with 1.5 million total shares outstanding. The firm announces a plan to sell an additional 1 million shares through a rights offering. The market value of the stock is $35 before the rights offering and the new shares are being offered to existing shareholders at a $5 discount.

What is your total investment in the firm after the rights offering? How is your investment split between original shares and new shares