Suppose a firm has 15 million shares of common stock outstanding and six candidates are up for election to five seats on the board of directors. a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board? b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board. b. If the firm used straight voting to elect its broad, what is the minimum number of votes needed to ensure election to the board? Suppose a firm has 50 million shares of common stock outstanding and eight candidates are up for election to six seats on the board of directors. a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election to the board? b. If the firm used straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board? Suppose you own 50,000 shares of common stock in a firm with 2.5 million total shares outstanding. The firm announces a plan to sell an additional 1 million shares through a rights offering. The market value of the stock is $35 before the rights offering and the new shares are being offered to existing shareholders at a $5 discount. a. If you exercise your preemptive rights, how many of the new shares can you purchase? b. What is the market value of the stock after the rights offering? c. What is your total investment in the firm after the rights offering? How is your investment split between original shares and new shares? d. If you decide not to exercise your preemptive rights, what is your investment in the firm after the rights offering? How is this split between old shares and rights