Cocoi is a foreign corporation that produces fine chocolates for sale worldwide. Cocoi markets it chocolates in the United States through a branch sales office located in New York City. During the current year, Cocois effectively connected earnings and profits are $3 million, and its U.S. net equity is $6 million at the beginning of the year, and $4 million at the end of the year. In addition, a review of Cocois interest expense account indicates that it paid $440,000 of portfolio interest to an unrelated foreign corporation, $200,000 of interest to a foreign corporation, which owns 15% of the combined voting power of Cocois stock, and $160,000 of interest to a domestic corporation.

Compute Cocois branch profits tax, and determine its branch interest withholding tax obligations. Assume that Cocoi does not reside in a treaty country