At the start of the period, a company had issued ordinary share capital of $240000$ (nominal value $0.60$ per share). During the period, a rights issue of one share for every five held was carried out at a price of $0.90$ per share. At that point, the market price stood at $1.10$ per share. What was the issued ordinary share capital after the rights issue?
- A$288000
- B$292800
- C$312000
- D$328000