Julia is analysing a project which has a capital cost of 500,000 and has a five year life. Depreciation on the whole of the capital cost is charged straight line over the life of the project. Sales are projected are 12,000 units per year with a price per unit of 100 and variable costs of 60. Fixed costs are 250,000 per year. The cost of capital is 15 per cent. Ignore taxes. What is the cash break-even level of sales per year?