A project has four critical activities, A, B, C and D. All the activities are estimated to require similar effort of 5 days each and cost $5,000 per activity. After day 11 Activity A and B are complete; Activity C is 50% complete and $13,000 has already been spent. What is Cost Performance Index (CPI) for the project?

Question 3 options:

a)

1.2

b)

0.96

c)

1.00

d)

1.04