MacKenzie Corporation currently has 10million shares of stock outstanding at a price of $ 40per share. The company would like to raise money and has announced a rights issue. Every existing shareholder will be sent one right per share of stock that he or she owns. The company plans to require five rights to purchase one share at a price of $ 40per share.a. Assuming the rights issue is? successful, how much money will it? raise?The company will be able to raise $____ million.b. What will the share price be after the rights? issue? (Assume perfect capital? markets.)The share price after the rights issue is $___.Suppose instead that the firm changes the plan so that each right gives the holder the right to purchase one share at $ 7per share.c. How much money will the new plan? raise?The amount that the new plan will raise is $___ million.d. What will the share price be after the rights? issue?The share price after the rights issue is $___.

MacKenzie Corporation currently has 10million shares of stock outstanding at a price of $ 40per share. The company would like to raise money and has announced a rights issue. Every existing shareholder will be sent one right per share of stock that he or she owns. The company plans to require five rights to purchase one share at a price of $ 40per share.a. Assuming the rights issue is? successful, how much money will it? raise?The company will be able to raise $____ million.b. What will the share price be after the rights? issue? (Assume perfect capital? markets.)The share price after the rights issue is $___.Suppose instead that the firm changes the plan so that each right gives the holder the right to purchase one share at $ 7per share.c. How much money will the new plan? raise?The amount that the new plan will raise is $___ million.d. What will the share price be after the rights? issue?The share price after the rights issue is $___.