You are using earned value progress reporting for your current project in an effort to teach your software developers the benefits of earned value. You plan to display project results on the PMO dashboard so that the team knows how the project is progressing.

$PV=$$$2,200$

$EV=$$$2,000$

$AC=$$$2,500$

BAC$=$$$10,000$

What is the EAC for this project, and what does it represent?

$$10,000$; the revised estimate for total project cost $($based on performance thus far$)$

$$12,500$; the revised estimate for total project cost $($based on performance thus far$)$

$$12,500$; the original project budget

$$10,000$; the original project budget