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Denver Machinery has 140,800 shares of stock outstanding, and each share receives one vote for each open seat on the board of directors. There are

Denver Machinery has 140,800 shares of stock outstanding, and each share receives one vote for each open seat on the board of directors. There are five open seats at this time. How many shares must you control to guarantee your personal election to the board if the firm uses cumulative voting? Multiple Choice

23,468 shares

19,251 shares

28,160 shares

28,001 shares

17,001 shares

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