Concrete works manufactures and sells cement trucks. for the previous year, their taxable income was $7,870,033.20. they have to pay a federal tax rate of 35%, a state tax rate of 8%, and a local tax rate of 1%. as part of their loan package for the business, the company has to pay $3,200,000.00 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 by the equation p(x) = 0.59202x-3200000 where x is their taxable income. how much profit does the company have after paying taxes and reducing the principal on the loan? a. $4,659,217.06 b. $4,407,218.59 c. $1,207,218.59 d. $1,459,217.06