You are managing a project with a Budget at Completion (BAC) of $1,200,000. As of the last reporting period, the Earned Value (EV) is $400,000 and the Actual Costs (AC) are $500,000. Assuming that the project will continue to perform at the same Cost Performance Index (CPI), what is the Estimate at Completion (EAC)?
$1,400,000
$1,200,000
$1,100,000
$1,500,000