Problem $8-10$ Voting Rights $[$LO$3]$

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 $385,000$ shares outstanding,

and the stock currently sells for $$42,$ how much will it cost you to buy a seat if the

company uses straight voting? $($Do not round intermediate calculations.$)$

Please provide a detailed step$-$by$-$step. TY