Your Business Math teacher wants your class to run a T-Shirt Printing Business and has agreed to provide up to P 50,000 of his own money to help the class get started. To determine the profitability of the business, the class needs to know how much it will cost to produce the printed shirts and how many can the class expect to sell for a given price. The class has identified the following costs: Heat press machine P 24, 480 T-shirts in bulk P 120 each Transfers to press onto each shirt P 40 each The function of the cost of producing x printed t-shirts as cost function, C(x) = 160x + 24 480. How much does it cost to produce 500 printed t-shirts?​