Table 1 - Hogwarts Inc. - selected financial data Table 2 - Industry data - selected financial data Chairman of the board, Albus Dumbledore, has been reflecting on the last meeting and the large divide amongst the members regarding the dividend policy. He thought Harry and Hermione's presentation made a lot of sense and does not want the future of the company bogged down by narrow mindedness. He decides he needs to try and stack the board in his favour by having like-minded individuals replace antiquated thinking. Dumbledore owns 87,500 shares and 9 directors must be elected. Assume Hogwarts Inc. has adopted cumulative voting. H. How many directors can Albus Dumbledore elect with his current voting rights? Is it enough to have control over the board? I. How many shares (or proxies) does Dumbledore require to gain control over the board