A project has an estimated duration of 10 months with a total budget of US$220,000. At the end of the fifth month, it is estimated that at completion, the project will incur US$250,000.
If the actual cost (AC) calculated is US$150,000, what is the earned value (EV) of the project?
A . US$-30,000
B . US$120,000
C . US$370,000
D . US$400,000
Answer: A