Question 27 A company uses the cumulative voting method to elect its board members. The total number of shares outstanding is 567,505. There are 4 open seats on the board to be filled. Calculate the minimum number of shares an investor should own to be able to guarantee one seat on the board. 0 112781 125,217 117,823 0 113,601 O 113,502 Question 28 A stock expects to pay a dividend of $5.13 per share next year. Dividends are expected to grow at 25 percent per year for the following four years. Thereafter, the dividend growth rate is expected to be 3.5 percent per year forever. Investors require a rate of return of 12 percent on this stock. Calculate the expected price of one share of the stock nine years from today. O $147 $175 $155 $162 O $169