The Sedgewick Company has 480,000 shares of common stock outstanding. Sue owns 42,000 of those shares. The company has just announced a rights offering with a subscription price of $24. One right is being granted for every share currently outstanding. This offering will provide $3 million of new financing for the firm, ignoring all issue costs. What will Sue's new ownership position be if she opts to sell her rights rather than exercise them? Assume that all rights are exercised.