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Following are data reporting progress on a project. Work on alltasks contained in the table is scheduled to be complete as of theday of the report.BudgetBegun?Complete?Actual costEarned ValueTask A3,100YesYes3,100Task B4,000YesYes4,500Task C2,500YesYes2,250Task D4,000YesNo3,500Task E3,500YesYes4,000Task F2,500NoNo0Using the 50-50 Rule, what is earned value for thisproject?Using the 0-100 Rule, what is earned value for thisproject?Note the discrepancy of earned value figures when using the50-50 Rule and 0-100 Rule. Why is there a discrepancy? Which Ruleshould we use? Explain your rationale.Using the 50-50 Rule earned value computation, what is schedulevariance for the project as reported?What is the schedule performance index (SPI)?Using the 50-50 Rule earned value computation, what is the costvariance for the project as reported?What is the cost performance index (CPI)?If the total budget for this project is 50,000, use CPI tocompute estimate at complete (EAC).Using the earned value information garnered from the abovetable, provide your boss a brief status report on project progressto date. Also, provide projections for future status.