Western Industrial Products is considering a project with a five-year life and an initial cost of $230,000. The discount rate for the project is 12 percent. The firm expects to sell 3,000 units a year. The cash flow per unit is $20. The firm will have the option to abandon this project at the end of year three (after year three's sales) at which time the project's assets could be sold for an estimated $65,000. The firm should abandon the project at the end of year three if the expected level of annual sales, starting with year 4, falls to units or less. Ignore taxes. 1,000 units 1,500 units 1,923 units 217 units 4,077 units