Your $5000000 application development project includes the purchase of two new s

Your $5000000 application development project includes the purchase of two new servers which are currently listed in the cost baseline as $50000 each for a total of $100000. Between the time the estimate was made and the time the equipment was purchased there was a 10 percent price increase. The bill for the servers will be a total of $110000. What action should you take? Choose the best answer.A. Use the new figure to revise your cost estimate and communicate the change to the project team and other stakeholders as part of your ongoing performance reporting.B. Add the server costs as an agenda item for the next project team meeting and work with the project team to develop a recommendation to take to the sponsor on scope reduction to cover the increased cost of the server.C. Review the scope statement and the schedule baseline for adjustments to make because of the impact of the server cost.D. Schedule a performance review meeting with the project team member responsible for the estimate.