8. Company X, a domestic Corporation, produces widgets. In addition to its domestic sales, X markets widgets abroad through an extensive network of branch sales offices. Xs operating results for the current year are summarized below by source and type of income: U.S. source manufacturing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $50 million Foreign source manufacturing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40 million Foreign source passive investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$10 million Total U.S. taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100 million X paid $15 million of foreign taxes on its manufacturing income and $2 million of foreign taxes on its passive investment income. Assume that the U.S. tax rate is a flat 35%. What is Xs total foreign tax credit?