Miller fruit wants to expand its citrus grove operations. the firm estimates that it needs $8.6 million to buy land and establish its operations. currently, the firm has 540,000 shares of stock outstanding at a market price per share of $34.80. if the firm decides to raise the needed capital through a rights offering, one right will be issued for each share of stock. the subscription price will be set at $33 a share. how many rights will a shareholder need to purchase one new share of stock in this offering?

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?