You're a subcontractor responsible for the renovation of a car dealer showroom.

The estimated renovation cost is $250 per square feet . The total showroom area that needs to be renovated is 2,000 square feet.

Based on your past experience, you know your team can renovate 200 square feet per week.

After 4 weeks, you have 45% of the job complete and you have spent $250,000.

Determine the value of the planned value 200,000.