A computer chip making company is considering a new chip with the following cashflow projections: (a) investment $5 million, fixed costs are $2 million per year, variable cost $5 per unit to manufacture and sells for $20 per unit. If the plant lasts for three years and the cost of capital is 12%, what is the break-even level (i.e., NPV =0) of annual sales? (Assume that revenues and costs occur at the end of each year. Assume no taxes.) Round to the nearest 1,000 units