Lintner Beverage Corp. reported the following information from their financial statements:

Operating income (EBIT) =	$14,000,000
Interest payments on long-term debt =	$1,750,000
Dividend income =	$1,000,000

Calculate Lintner's total tax liability using the corporate tax schedule below:

Taxable Income	Tax on Base of Bracket	Percentage on Excess above Base
$0-$50,000	$0	15%
$50,000-$75,000	7,500	25
$75,000-$100,000	13,750	34
$100,000-$335,000	22,250	39
$335,000-$10,000,000	113,900	34
$10,000,000-$15,000,000	3,400,000	35
$15,000,000-$18,333,333	5,150,000	38
Over $18,333,333	6,416,667	35

Assume a 70% dividend exclusion for tax on dividends.