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King of Kings Company has been renting equipment during peak season in addition to its own equipment in handling standard materials. The rental cost averages P9,000 a year. The company's Investment Committee is evaluating the possibility of buying additional equipment at a cost of P225,000 with an estimated useful life of 5 years and with no salvage value at the end of 5 years. The committee estimates that it can save P0.25 per unit of material by using its own equipment. Also, it estimates that 270,000 units can be handled \n each of the 5 years, A 15% discounted rate of return is considered appropriate, ignoring income tax. Present value of annuity of 1, at 15% for 5 years, is 3,352. What is the approximate number of units at which the investment can just meet the 15% return requirement? (D)
A. 232,496 C. 304,496
B. 268,496 D. 256,428
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