The firm Amble is entirely financed by equity. It has 4 million shares and a current share price of $8. It is public knowledge that the firm's current management is inefficient and the firm's share price would be $11 if well managed. Amble's shares are owned entirely by small shareholders. The administrative costs to acquire Amble would be $0.14 million. An acquirer can gain control of the firm and manage it efficiently if they can purchase at least 51% of its shares. Assume the market is semi-strong form efficient. a) Assume that Lawson implements the strategy described in part (a). Amble has made a provision that when a potential acquirer reaches a holding of 16% of its shares, all shareholders except the acquirer will be able to buy one new share in Amble for each share they own at a 40% discount off the current market price. The market believes that Lawson will take control and you can assume a current market price of $11 to start with. (i) How many new shares will be issued? (3 marks) (ii) After the provision has been triggered, what will be the market price of a share in Amble? What will be the value of Lawson's shareholding in Amble