After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only person voting for you. The company has 425,000 shares outstanding, and the stock currently sells for $50, If there are four seats in the current election, how much will it cost you to buy a seat if the company uses cumulative voting? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Total cost $ 85,001 X