In more detail
Engine power follows from torque and speed: hp = torque (lb-ft) × rpm / 5252, so 300 lb-ft at 5,000 rpm is 286 hp. Drag-strip trap speed also gives an estimate: weight × (mph / 234)³.
Horsepower is a unit of power; one mechanical horsepower is 33,000 foot-pounds of work per minute, about 745.7 watts.
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Engine power follows from torque and speed: hp = torque (lb-ft) × rpm / 5252, so 300 lb-ft at 5,000 rpm is 286 hp. Drag-strip trap speed also gives an estimate: weight × (mph / 234)³.