Question: Please show all the steps After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of

Please show all the steps

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. Requirement 1: If Schenkel has 350,000 shares outstanding and the stock currently sells for $37, how much will t cost you to buy a seat if the company uses straight voting? (Do not round intermediate calculations.) Total cost Requirement 2: Assume that Schenkel 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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