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

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Suppose a firm has 16 million shares of common-stock outstanding and five condidates are up for election to four 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 eloction of one momber 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 of one member to the board? (For all requirements, enter your answers in whole numbers, not millions.)

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