123 Inc has had an average annual gross receipts in excess of $25 million. In 2018 123 Inc incurred $35,000,000 of net business interest expense, and has $100 million of gross receipts. The company also has an adjusted taxable income of $42,000,000. 123 Inc's current deduction for business interest expense is:

Which of the following is correct ?

• $10,500,000
• $12,600,000
• $30,000,000
• $21,000,000