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Charley Inc is a large corporation that reported revenue of $80 million and income of $620,000 this year. Included in the calculation of income was

Charley Inc is a large corporation that reported revenue of $80 million and income of $620,000 this year. Included in the calculation of income was $10,000 of interest income, depreciation deductions of $170,000, and interest expense deductions of $420,000. What is the maximum amount of interest expense deduction this year?

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