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Cost Management
There are 14 components to work on for the project manager in his current project. According to his estimation, the first 6 components will cost $1,400 each and the remaining 8 components will cost $1,300 each. The schedule projected that today the project manager would be done with 40% of the components. While collecting the status updates from the team, the project manager found out that the first 5 components were completed at a cost of $7,500. What is the SPI?