After successfully completing your corporate finance class, you feel the next challenge ahead is to serve...

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After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of dir

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Answer 1

Answer #1

1. Total Cost for Stright Voting = $ 8,960,032

Explanation ;

Total Cost for stright voting = $32 [($560,000/2) + 1 ]

= $8,960,032

2. Total Cost for Cumulative Voting Seat Cost = $ 3,584,032

Explanation;

Cumulative Voting Seat Cost = $ 32 {[$560,000/(4+1)]+ 1}

= $ 3,584,032

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Answer 2

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