RUReady Ltd Wishes to Raise $20 Million

R.U.Ready Ltd wishes to raise $20 million.If the subscription price is $5, the current share price is $7.50, and there are 8 million shares outstanding, what is the value of a right?

A) $0.63
B) $1.25
C) $1.67
D) $1.88
E) None of these.