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You want to serve on the board of directors of Elsinore Brewery. Unfortunately, you will be the only individual voting for you. If Elsinore has

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You want to serve on the board of directors of Elsinore Brewery. Unfortunately, you will be the only individual voting for you. If Elsinore has 10,000,000 shares outstanding the stock currently sells for $10, how much will it cost you to buy a set if the company uses cumulative voting and there are nine seats in the current election? a) $10,000,010 b) $15,000,010 c) $15,000,000 d) $50,000,010 e) $10,000,000

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