Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in rows $6$ through $8.$ The required answers are in rows $14$ through $15.$

After successfully completing your corporate finance class,$$you feel the next challenge ahead is to serve on the board of directors of Cornwall$$Enterprises$.$ Unfortunately, you will be the only person voting for you. If the company$$has $720,000$ shares outstanding, and the stock currently sells for $$48,$ how much$$will it cost you to buy a seat if the company uses cumulative voting, and there are four seats in the current election?

Input area:

Shares outstanding $720,000$

Share price $$48\mathrm{.}00$

Number of seats $4$

$($Use cells A$6$ to B$8$ from the given information to complete this question.$)$

Output area:

Cumulative voting shares required $$

Dollars required in cumulative voting $$