Output using 2 conditions, second condition will use one of 2 different formulas

Currently trying to make this formula using IF/IFS , AND currently looks like this: =IF((D7=Yes)AND(C7>2500),C7*E5) so I am trying to check for 2 conditions

1. I have a cell that has a "yes, no" pull down. So it is checking for a yes
   • if it is yes then it should check if another cell is less than 2500.

If it is >2500, then a specific formula should be used (C7*E5)

If it was <2500, then it would use a different formula (basically the same, just E5 would be F%, fulling from a different number.

I am not sure if I am on the right track at all.

I have tried using AND, IF, IFS. I am sure I am close but not doing the right combo.