Answer:
shareholders A and B will each have 30 votes (each invested $30,000)
shareholders C and D will each have 20 votes (each invested $20,000)
shareholder E will have 10 votes (only invested $10,000)
total number of possible votes = (30 x 2) + (20 x 2) + 10 = 110 votes
any decision must be approved by more than 50% of the votes, but since the votes are bundled in tens, 60 votes are needed.
Stockholders number of
<u>A B C D E </u> <u> positive votes</u> <u> win</u>
yes no no no no 30 no
yes yes no no no 60 yes
yes no yes no no 50 no
yes no no yes no 50 no
yes no no no yes 40 no
yes yes yes no no 80 yes
yes yes no yes no 80 yes
yes yes no no yes 70 yes
yes yes yes yes no 100 yes
yes yes yes no yes 90 yes
yes yes yes yes yes 110 yes
no yes no no no 30 no
no yes yes no no 50 no
no yes no yes no 50 no
no yes no no yes 40 no
no yes yes yes no 70 yes
no yes yes no yes 60 yes
no yes no yes yes 60 yes
no yes yes yes yes 80 yes
all other combinations result in negative outcome (less than 60)