Question: make final answer clear please Tangible Technologies has a market capitalization of $150 million and 8 million shares outstanding. In order to finance its growth,

make final answer clear please

Tangible Technologies has a market capitalization of $150 million and 8 million shares outstanding. In order to finance its growth, the firm's management plans to raise further capital through a rights issue. All shareholders will be issued one right per share. For every 4 rights held by a stockholder, they can purchase one share at a price of $15 per share. How much money will this raise, if all shareholders exercise their rights? GD A. $15 million OB. $120 million OC. $150 million OD. $30 million O E $37.5 million

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