You own 42,240 common shares of a company. Currently, there are 974,580 common shares outstanding. The company has just announced a rights offering whereby 112,570 shares are being offered for sale at a subscription or discounted price of $23.80 a share. The current share price is $33.30 a share. Assume that you sell all your rights and that all rights are exercised. What will be your ownership percentage in the company after the rights are exercised? 3.59% 3.69% 3.79% 3.89% 3.98% A company is considering a new project with a net present value of $19,005 and an initial cash outlay for fixed assets of $91,250. The company is planning on funding this project by selling 1,930 new common shares. Currently, there are 34,210 common shares outstanding, and the book value per share is $22.75. What will be the new book value per share if this project is implemented? $24.06 $24.66 $25.26 $25.86 $26.47