Suppose a firm has $16$ million shares of common stock outstanding and five candidates are up for election to four seats on the board of directors.

If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board?

If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board?

Note: Enter your answer in thousand, rounded to $1$ decimal place.

Note: Negative amount should be indicated by a minus sign. Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16)$

Calculate the return if the price of the stock at the end of the year is $$52.$

Note: Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16)$