A project initially had a Budget at Completion (BAC) of $500,000. Currently, the project’s Earned Value (EV) is $200,000 and the Actual Cost (AC) is $250,000. If the Cost Performance Index (CPI) is calculated to be 0.8, what is the Estimate at Completion (EAC) based on the current CPI?
$500,000
$550,000
$625,000
$600,000