A suggested project requires initial fixed assets of $227,000, has a life of 4 years, and has no salvage value. Assume depreciation is straight-line to zero over the life of the project. Sales are projected at 31,000 units per year, the price per unit is $47, variable cost per unit is $23, and fixed costs are $129,900 per year. The tax rate is 23 percent and the required return is 15 percent. Suppose the projections given for price and quantity can vary by 4 percent while variable and fixed cost estimates are accurate to within 2 percent.

What is the number of sales units you would use to calculate the worst-case NPV?

30,380

31,000

32,240

29,760

31,620