A project to develop a modified solenoid valve for the water circulation cooling system of a laser cutter has the cost data shown in Tables 3-1, 3-2 and 3-3. Budgeted costs (in \$ thousands) Table 3-1 Actual costs (in \$ thousands) Table 3-2 Percentage of work combleted Table 33 a) How long does the team expect to take for the project to be completed? (1 MARK) b) What is the total budgeted cost of the project? (1 MARK) c) What is the Cumulative Earned Value of the project at week 3 ? (2 MARKS) d) What is the Cost Performance Index of the project at week 3? (2 MARKS) e) A consultant claims, from forecasting done in week 3 , that the forecast cost at completion (FCAC) of the project will be $237,000. Explain how this claim is arrived at. (2 MARKS)