ABC Co. needs to elect four individuals to board of directors position. ABC has 180,000 shares outstanding and the stock is currently selling for $30 . Individual A wants to serve on the board of directors. How much will it cost A (number of shares times price ) to buy a seat if the company uses straight voting? What if the firm uses cumulative voting?

$2,700,030; $1,080,030

$2,640,030; $1,320,030

$2,700,030; $1,350,030

$2,640,030; 1,360,030

$2,710,030; $1,430,030