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Blue Horseshoe (BH) is currently trading at $18.03 a share with a total of 721,864 shares...

Blue Horseshoe (BH) is currently trading at $18.03 a share with a total of 721,864 shares of stock outstanding. You own 10,588 of those shares. Next month, the election will be held to select nine new members to the board of directors. Assume that the firm uses a cumulative voting system. How much additional money do you need to spend to guarantee that you will be elected to the board of BH assuming that everyone else votes for one of the other candidates. Round your answer to the nearest dollar.

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