Given the following information for a one$-$year project, answer the following questions. Recall that PV is planned value, EV is earned value, AC is the actual cost, and BAC is the budget at completion.

PV $=$ $$22,000$

EV $=$ $$20,000$

AC $=$ $$25,000$

BAC $=$ $$120,000$

What is the cost variance, schedule variance, cost performance index, and schedule performance index for the project? $(1$ point$)$

How is the project going? Is it ahead of schedule or behind schedule? Is it under budget or over budget? $(1$ point$)$

Use the CPI to calculate the estimate at completion $($EAC$)$ for this project. Is the project performing better or worse than planned? $(1$ point$)$

Use the CPI to calculate how long it will take to finish this project. $(1$ point$)$

Sketch the earned value chart for this project, using Figure $7-6$ from the text as a guide. $(1$ point$)$