Determining the earned value involves collecting data on the percent complete for each work package and then converting this percentage to a dollar amount by multiplying the_of the work package by the percent complete. Total budgeted cost (TBC) Cumulative budgeted cost (CBC) Cumulative earned value (CEV) Cumulative actual COSINCAC) Consider a project that involves painting five similar houses over ten weeks 1 point (one house every two weeks) for a total budgeted cost of $20,000. The budget is $4,000 per house. At of the end of week 5. you determine that $10,000 has actually been spent and three houses have been painted completely. What is the earned value of the project? $10,000 $12,000 $4,000 $20,000