7. Hector has just inherited his grandfather’s farm. The fence around the yard is old and falling apart, so he needs to replace it. The land that the fence needs to go around is shown below. Use the measurements and the picture to help answer the following questions.

After buying the fencing, Hector realizes that the fence will not stay up on its own and he needs to buy posts to place throughout. A post must be placed at every corner and every 3 metre of fence, as shown on one side.

Based on the information you now have, one of the statements below is correct. Choose the correct option and write your answer based on the information you gathered from previous calculations.
Option 1: He has enough money to complete the fence along with the posts and has $__________________ left
Option 2: He does not have enough money and needs $__________________________ more to finish.