Please answer the following question with the complete steps:

EVM Exercise: The Fence #1 You have a project to build a new fence. The fence is four sided as shown. Each side is to take one day to build and is budgeted for $1,000 per side. The sides are planned to be completed one after the other. Today is the end of the third day. Using the project status chart below, calculate EV, etc. Interpretation is also important. Can you interpret what each answer means? Task Day 1 Day 2 Day 3 Day 4 Status at the End of Day 3 Side 1 S-------F Complete; spent $1,000 Side 2 S--------PF ------F Complete; spent $1,200 Side 3 PS---S----PF Half done; spent $600 Side 4 PS--------PF KEY: S = Actual Start F = Actual Finish PS = Planned Start PF = Planned Finish What is : Calculation Answer Interpretation of the Answer PV EV AC BAC CV CPI SV SPI EAC ETC VAC