XYZ Ltd has 900 000 shares outstanding at current market price of $ 130 per share. The company needs $ 22 500 000 to finance its proposed expansion. The board of directors has decided to issue rights for raising the required funds. The subscription price has been fixed at $ 75 per share. Required: (a) How many rights are required to purchase one new share? (b) What is the price of one share after the rights issue (Exright price)? (c) Compute the theoretical value of each right