You have a project to build a new fence. The fence will form a square. Each side is to take one day to build, and $1,000 has been budgeted per side. The sides are planned to be completed one after the other. Today is the end of day 3. Using the following project status chart, calculate the project's current CV: | Activity | Day 1 | Day 2 | Day 3 | Day 4 | Status: End of Day 3 | |---|---|---|---|---|---| | Side 1 | S------F | | | | Complete, spent $1,000 | | Side 2 | | S--F----PF | | | Complete, spent $900 | | Side 3 | | | S------PF | PS----PF | 50% done, spent $600 | | Side 4 | | | S------PS | ----PF | 75% done, spent $600 | **Key:** S = Actual Start, F = Actual Finish, PS = Planned Start, and PF = Planned Finish