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You want to serve on the board of directors of Savidge Enterprises. Unfortunately, you will be the only individual voting for you. Requirement 1: If

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You want to serve on the board of directors of Savidge Enterprises. Unfortunately, you will be the only individual voting for you. Requirement 1: If Savidge has 300,000 shares outstanding and the stock currently sells for $22, how much will it cost you to buy a seat if the company uses straight voting? (Do not round intermediate calculations.) Total cost Requirement 2: Assume that Savidge uses cumulative voting and there are four seats in the current election; how much will it cost you to buy a seat now? (Do not round intermediate calculations.) Total cost

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