Question: A project was budgeted at $106915. The project is now being executed. The following figures have been determined: PV:$36282 EV:$62637 AC:$50020 Assume that the cost

A project was budgeted at $106915. The project is now being executed. The following figures have been determined: PV:$36282 EV:$62637 AC:$50020 Assume that the cost variance was caused by the purchase of computer hardware last month, but that you do not expect any more variances from your original spending plan going forward. To the nearest dollar, what estimate at completion (EAC) do you predict?

There are two ways for EAC calculation:

EAC = AC + (Budget - EV)

Or EAC = BAC / CPI while CPI = EV / AC

first one gives EAC = $94298 while the second one gives EAC = $85379

which one is correct for this question?

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