It is July and you have just taken over a 350 room hotel in poor condition. You have been chosen to lead the refurbishment program. Your beginning cash balance is $X*. The owner expects all of the rooms to be refurbished to a Level 2 HOTS standard by June of next year. A Level 2 room refurbishment costs $5,000 per room, and takes 5 weeks to complete. Explain how you would go about scheduling the refurbishment of the rooms and how you plan on paying for the renovations.

X=6