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The contract for 4,800 LF of 24-in. sanitary sewer replacement has a budget at completion of $1,920,000, spread uniformly over its length. At the month-7 progress review, 2,880 LF has been installed, the baseline schedule called for 2,400 LF by this date, and the actual cost of the work performed to date is $1,250,000. The cost performance index (CPI) is most nearly: