The shareholders of the Pickwick Paper Company need to elect seven directors. There are 250,000 shares outstanding. (a) How many shares do you need to own at the minimum to ensure that you can elect at least one director if the company has majority voting? (sample answer: 25000) (b) How many shares do you need to own at the minimum to ensure that you can elect at least one director if it has cumulative voting? (sample answer: 25000)