Barstow industrial

Barstow industrial

Barstow industrial supply has decided to raise 427.52 million in additional funding via a rights offering. the firm will issue one right for each share of stock outstanding. the offering consists of a total of $860,000 new shares. the current market price of the stock is $35. currently, there are 5.16 million shares outstanding. what is the value of one right?
Barstow industrial