A project manager is currently managing a manufacturing process improvement project that will be completed in five phases. The project manager has prepared the following status chart of the project by the end of 10/31. Based on the information provided, what is the actual cost of the project? | Task Name | Start Date | End Date | Duration (Days) | Planned Value | Actual Cost | Percent Complete | |---|---|---|---:|---:|---:|---:| | Define | 8/1 | 8/31 | 30 | $1,000.00 | $1,200.00 | 100% | | Measure | 9/1 | 9/30 | 29 | $3,000.00 | $2,900.00 | 100% | | Analyze | 10/1 | 10/31 | 30 | $5,000.00 | $3,900.00 | 75% | | Improve | 11/1 | 11/30 | 29 | $9,000.00 | — | 0% | | Control | 12/1 | 12/31 | 30 | $2,000.00 | — | 0% |