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Answer:
$3,726,046
Explanation:
Calculation for how much will it cost you to buy a seat if the company uses cumulative voting
Cumulative voting seat cost = 46 ×{[405,000/(4 + 1)] + 1}
Cumulative voting seat cost=46×[(405,000/5)+1]
Cumulative voting seat cost=46×81,001
Cumulative voting seat cost= $3,726,046
Therefore how much will it cost you to buy a seat if the company uses cumulative voting is $3,726,046