The shareholders of the Pineapple Company need to elect seven new directors. There are 750,000 shares outstanding currently trading at $64 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.)
b.	How much will it cost you if the company uses cumulative voting? (Do not round intermediate calculations.)

Straight voting costs:

Cumulative voting costs: