QUESTION 3 After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. If Schenkel has 250,000 shares outstanding the stock currently sells for $17, and there are five seats in the current election, how much will it cost you to buy a seat? (Note: Use cumulative voting) 51,062,517 52.125,017 5708.350 5850,017 52,590,037