XYZ Corp. needs to elect three individuals to fill the vacancy for the Board of Director's position. The shares of XYZ are currently selling for $33 each and there are a total of 160,000 outstanding shares of this company. If James, an outsider wants to buy shares of XYZ with an objective of getting enough votes to get elected as a board of director. How much money James would need to spend:if Straight voting is usedand also if Cumulative voting is used.