You are a Project Manager for Groceries R’ US, a supermarket chain, and are currently working on a project to build a new outlet. The planned values (PV) for the foundation and the frame are $150,000 and $500,000. After five months, you do a performance measurement analysis. You are currently not ahead of schedule. The actual costs for the foundation and frame were $175,000 and $650,000 up to this point where 100% of the foundation is complete and only 80% of the frame is complete. Which value represents the cost performance index (CPI) to two decimal places at this point in the project?
A. 0.84
B. 1.5
C. 0.67
D. 1.19