project started 4 months ago and was originally expected to'run for 12 months in total. The most recent baseline shows the project ending in 12 months from the time of your briefing. The spend is expected to be a constant amount per month. The most recently agreed total budget for the project is $320,000. Current actual spend to date is $70,000. The project schedule shows that $85,000 worth of work has been completed. Answer the following questions: a. Using earned value management, what is the state of the project in terms of the likely time and cost to complete the project? (1 mark)