A plant is constructed at a cost of $1,000,000 to produce a particular item that will sell for $9, It is anticipated that the product will be obsolete after 10 years and at that time the plant will be destroyed with no salvage value. The fixed cost of operating the plant is $200000 annually and the variable cost for labor and material is S5 per item. How many items must be produced and sold annually in order to break even if interest is at 8%.