After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Cornwall Enterprises. Unfortunately, you will be the only person voting for you. If the company has 720,000 shares outstanding, and the stock currently sells for $48, how much will it cost you to buy a seat if the company uses cumulative voting, and there are four seats in the current election?

Shares outstanding	720,000
Share price	$48.00
Number of seats	4
(Use cells A6 to B8 from the given information to complete this question.)
Output area:
Cumulative voting shares required
Dollars required in cumulative voting