You are the project manager at an industrial design firm. You expect to spend a total of $75,000 on your current project. Your plan calls for five people to work on the project eight hours a day, five days a week, for four weeks. According to the schedule, your team should have just finished the third week of the project. When you review what the team has accomplished so far, you find they have completed 50% of the work at a cost of $35,000. Based on this information, calculate the Earned Value Numbers.
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