Iron Rubber Tire Co. has reported operating income (EBIT) of $7,200,000, notes payable of $10,000,000, and long-term debt of $5,000,000. If the firm pays 6% interest on its long- term debt and 3% interest on its notes payable, how much does Iron Rubber Tire Co. have in earnings before taxes (EBT)? (Answer in dollars and omit the dollar sign, S.)