Centennial Airlines began operations in 2017 recording a loss of income that year followed by two years of positive income. The company has reported the following levels of taxable income (EBT) for those years (see below). The corporate tax rate was 25% each year. Assume that the loss of 2017 can be carried forward indefinitely but the carryforward deduction is limited to the lessor of the total net operating loss or 80% of the taxable income for the year which the carryforward is applied. What is the amount of taxes the company paid in 2019?

Year Taxable Income 2017 -$6,000,000 2018 $5,000,000 2019 $5,000,000