You want a seat on the board of directors of Four Keys, Inc. The company has 265,000 shares of stock outstanding and the stock sells for $76 per share. There are currently 5 seats up for election. If the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board?

Multiple Choice 132,501 shares 88,334 shares 44,168 shares 53,000 shares 39,751 shares