Answer:
It will cost $3,528,084 to guarantee that you will be elected to the board
Explanation:
We will use following formula to calculate the share to be controlled for guarantee.
Shares to be controlled = [ ( S x N ) / ( D + 1 ) ] + 1
Where
S = Numbers of shares = 210,000 shares
N = Numbers of directors to be appointed = 1
D = Total number of directors to be elected = 4
Placing values in the formula
Shares to be controlled = [ ( 210,000 x 1 ) / ( 4 + 1 ) ] + 1
Shares to be controlled = [ 210,000 / 5 ] + 1
Shares to be controlled = 42,000 shares + 1 share
Shares to be controlled = 42,001 shares
Selling Price per share = $84
Total Cost = 42,001 x $84 = $3,528,084
