You don't say what your web application is and whether by hits you mean hits as defined by the apache log file or if you mean page displays.
If you are looking to do 8000 page displays of something like a vBulletin forum then that virtual server may cope with it.
Last edited by TenTenths; 07-09-2012 at 09:11 AM.
Reason: Ooops, thought the OP had put 80,000 hits, not 8,000
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