need help with a question

Hello here is the question: Marcoli Co has produced the following net profit figures for the years ending 31 December. 20X6 20X7 20X8 $m 1.1 1.5 1.8 (note each correspond to the years above but had to type it this way) On 1 January 20X7 the number of shares outstanding was 500,000. During 20X7 the Company announced a rights issue with the following details. Rights: 1 new share for each 5 outstanding (100,000 new shares in total) Exercise price: $5.00 Last date to exercise rights: 1 March 20X7 The market (fair) value of one share in Marcoli immediately prior to exercise on 1 March 20X7 = $11.00. Required Calculate the EPS for 20X6, 20X7 and 20X8. here is the answer: Answer Computation of theoretical ex-rights value This computation uses the total fair value and number of shares. Fair value of all outs tan ding shares + total received from exercise of rights divide by No shares outs tan ding prior to exercise + no shares issued in exercise ($11.00x500,000) + ($5.00x100,000) divide by 500,000+100,000 = $10.00 Computation of EPS 20X6 EPS as originally reported $1100,000/500000 20X6 EPS restated for rights issue $1100,000/*10/11 (or 2.20x 10/11) 500,000 20X7 EPS including effects of rights issue $1500,000/ (500,000x2/12x11/10)+ (600,000x10/12) 20X8 EPS=$1800,000/600,000 I have an issue with the calculation of theoretical ex-rights: I calculated this as the same method use in the lectures 1@$5 5@$11 then $16/6=2.5 but as you see in the answer the computation is different. Can you help?