Charlotte Inc., a domestic corporation, has a U.S. Worldwide tax liability of $7 million. They paid qualified foreign taxes of $2.5 million, but their foreign tax credit is limited to $1.75 million. What amount of the foreign taxes paid is eligible of carryback or carryforward? a. $1.75 million is eligible for carryback one year and carryforward 10 years. Ob. $1.75 million is eligible for carryforward 20 years. c. $750,000 is eligible for carryback one year and carryforward 10 years. d. $750,000 is eligible for carryback 1 year and carryforward 20 years