Work Period 1 2 3 4 5 AC 700,000 800,000 600,000 700,000 800.000 EV 600,000 600,000 700,000 600,000 PV 600.000 600,000 600,000 600,000 600.000 You have collected earned value data on your project for 5 reporting periods. If at the end of the 5th period, the cumulative project cost variance is -$500,000, what was the EV in period 5 and what is the status of the project? All measurements are in dollars.(7/100) a. EV is $300,000 in 5th period; cost underrun; ahead of schedule O b. EV is $300,000 in 5th period; cost underrun; behind schedule O c. EV is $600,000 in 5th period; cost overrun; behind schedule O d. EV is $600,000 in 5th period; cost overrun; ahead of schedule