Use the following information for Questions 20 - 23. A firm wants to raise $1,000,000 via a new Rights Offering. The current stock price is $10.00 and the Subscription Price is set at $8.00. The firm currently has 2,000,000 shares outstanding. 20. How many new shares will be issued? O125,000 O120,000 O115,000 O110,000 ONone of the above are correct solutions 21. How many Rights are required to purchase one new share of stock? 018 016 014 010 ONone of the above are correct solutions 22. What is the market value of a Right? O$0.08 O$0.10 O$0.12 O$0.14 ONone of the above are correct solutions 22. What is the market value of a Right? O$0.08 O$0.10 O$0.12 O$0.14 ONone of the above are correct solutions 23. What is the new stock price? O$9.88 O$9.92 O$9.90 O$9.86 ONone of the above are correct solutions