A project has an Earned Value $($EV$)$ of $$600,000,$ an Actual Cost $($AC$)$ of $$750,000,$ and a Budget at Completion $($TBC$)$ of $$1,000,000.$ The project manager predicts the remaining work will require an additional $$400,000.$ What is the new Estimate at Completion $($EAC$)$ and Variance at Completion $($VAC$)?$

EAC $=$ $$1,250,000,$ VAC $=-$$$250,000$

EAC $=$ $$1,200,000,$ VAC $=-$$$200,000$

EAC $=$ $$1,150,000,$ VAC $=-$$$150,000$

EAC $=$ $$1,350,000,$ VAC $=-$$$350,000$