The shareholders of the Pineapple Company need to elect nine new directors. There are $800,000$ shares outstanding currently trading at $$40$ per share. You would like to serve on the board of directors; unfortunately, no one else will be voting for you.

a$.$

How much will it cost you to be certain that you can be elected if the company uses straight voting? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.)$

b$.$ How much will it cost you if the company uses cumulative voting? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.)$Problem $15-1$ Corporate Voting

The shareholders of the Pineapple Company need to elect nine new directors. There are

$800,000$ shares outstanding currently trading at $$40$ per share. You would like to serve

on the board of directors; unfortunately, no one else will be voting for you.

a$.$ How much will it cost you to be certain that you can be elected if the company uses

straight voting? $($Do not round Intermedlate calculations and enter your answer In

dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,$

$1,234,567.)$

b$.$ How much will it cost you If the company uses cumulative voting? $($Do not round

Intermedlate calculations and enter your answer In dollars, not millions of dollars,

rounded to the nearest whole number, e$.$g$.,1,234,567.)$

Answer is complete but not entirely correct.