Question 16 (1 point) Big Boat Shipping has three open seats on its board of directors. The company uses straight voting and every share of stock has one vote. How many shares must a shareholder control to ensure that his or her candidate is elected to the board? 25 percent of the shares plus one vote 51 percent of the shares plus one vote 50 percent of the shares plus one vote 33.3 percent of the shares plus one vote Only one vote is required Question 17 (1 point) Widget Works has a cost of equity of 17.1 percent. The market risk premium is 9.2 percent and the risk-free rate is 3.3 percent. The company is acquiring a competitor. which will increase the company's beta to 1.7. What effect, if any, will the acquisition have on the firm's cost of equity capital? Increase of 2.62 percent Increase of 1.84 percent No effect Decrease of 2.62 percent Decrease of 1.84 percent