Albris, Inc. is a US corporation that operates in several countries. Its worldwide Federal taxable income totaled $15M. This included income earned in Germany of $1M and in France of $2.5M. Further, it paid the US dollar equivalent of $300,000 of tax in Germany and $250,000 tax in France. Its US tax rate is a flat 21%. Compute (show your computations) its foreign tax credit (FTC), as well as any FTC carryover. Also compute its effective tax rate on its income after consideration of any FTC.