Assuming FruAgro Company has average annual gross receipts of $$58$ million annually. This year, FruAgro earned $$3$ million of business interest

income, incurred $$8$ million of business interest expense and has adjusted taxable income of $$14$ million.

Required:

Compute FruAgro's current deduction for business interest and the amount of any business interest carryforward.

Note: Enter your answers in dollars not in millions of dollars.