The following information relates to questions 30 to 34. WRIGHT Ltd has an existing 12 million shares issued in the market. Currently these shares are selling for $5.00 per share. For financing a major project, the company has announced a renounceable rights issue to raise an additional $16,000,000 of equity funds. The subscription price is set at $4.00 per rights share. Question 30 1 pts How many rights shares are required to be issued to raise the additional equity funds? How many shares are required to buy one new rights share? What is the theoretical ex-rights share price? What is the value of the right? What will be the new value of WRIGHT Ltd after issuing all rights