5.7 EVALUATIVE QUESTIONS 1. Angel Construction Company was awarded a contract for $2,000,000 to build a cathedral with a budget of 200,000 hours (PV). Management wants a progress update and the end of week six and the following data had a budget of 200,000 hours (PV). Management wants a progress update at the end of week six and the following data was obtained. Planned Hours 80,000 Actual Hours Spent 75,000 Percent Completion (based on Earned Hours) 35% (a) How many hours has the project earned