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The shareholders of Solar Power Corp. need to elect 4 new directors to the board. There are 14,700,000 shares of common stock outstanding and the

The shareholders of Solar Power Corp. need to elect 4 new directors to the board. There are 14,700,000 shares of common stock outstanding and the current share price is $11.00.

If the company uses cumulative voting procedures, how much will it cost to guarantee yourself one seat on the board of directors?

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