Concrete Works manufactures and sells cement trucks. For the previous year, their taxable income was $7,498,008.00. They have to pay a federal tax rate of 35%, a state tax rate of 10%, and a local tax rate of 2%. As part of their loan package for the business, the company has to pay $2,600,000.00 after the taxes are paid each year to go against the principal amount of the loan. The profit after taxes and principal reduction can be determined using the function below.
p(x)= .5733x- 2600000



In this function, x is their taxable income. How much profit does the company have after paying taxes and reducing the principal on the loan?