Calculate the allowed interest expense deduction (combined regular and floor plan) under IRC 163j based on the following income statement for tax year 2021:

Gross Sales	$35,000,000
Cost of Goods Sold	22,000,000
Gross Profit	13,000,000
Interest Expense- regular	7,000,000
Depreciation	1,000,000
Interest Expense Floor Plan	200,000
All other deductions	3,000,000
Total Business Deductions	11,200,000
Net Income	1,800,000
Interest Income Earned	40,000
Capital Gain - non-business	50,000
Taxable Income before 163j limit	$1,890,000

answer: ?