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After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the boatd of circctors of Schenkel Enterprises. Unfortunately,

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After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the boatd of circctors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. a. If the company has 475,000 shares outstanding and the stock currently sells for $41, how much will it cost you fo buy a seat it the company uses straight voting? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.94 32 b. Assume that the company uses cumulative voting and there are four seats in the current election, how much wall it cost you tha buif a seat now? Note: Do not round intermediate colculetions and round your answer to the nearest whole number, e.9. 32

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