TOYSrYOU Needs to Raise $5 Million in a Rights Offering

TOYSrYOU needs to raise $5 million in a rights offering. If the subscription price is $10 per share, the stock price is $12.50 per share, and there are 4 million shares outstanding, what is the value of
A right?

A) $0.14
B) $0.28
C) $1.04
D) $2.50
E) $5.00