A firm has the capacity to produce 1,208,410 units of a product each year. At present, it is operating at 76 percent of capacity. The firm's annual revenue is $1,218,270. Annual fixed costs are $420,710 and the variable costs are $.45 cents per unit. The following equations will be useful.

Profit = Revenue - Costs

Revenue = Price each * quantity

Costs = Fixed Cost + Variable Costs

Variable Costs = Fixed Cost + (cost each * quantity)

At the break even point, Profit = 0

What is the firm's annual profit or loss?