Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:

Units Sold Price Total Variable Costs Fixed Costs

120,000 $48 $3,000,000 $1,000,000

152,000 $45 $3,550,000 $1,000,000

160,000 $40 $4,000,000 $1,000,000

180,000 $35 $4,500,000 $1,000,000

200,000 $30 $5,000,000 $1,000,000

How much profit will Troy have if a price of $45 is charged?