You and a friend have decided to launch a hostile takeover of Pizza House. The company is organized as a corporation, and issued 1,000,000 shares, of which 800,000 shares have been purchased (are outstanding). You currently own 1,500 shares, and your friend owns 750 shares. The stock is currently trading at $30. It has been decided that you will purchase enough stock so that your and your friends stock holdings will be enough to gain control of the company. At the current price, how much will this cost you?

Multiple Choice

• $14,932,530

• $11,932,530

• $24,000,000

• $11,955,030

• $12,000,030