Crosby, Inc. is a US corporation which is 100% owned by a Scottish parent company.Crosby's taxable income for the current year is as follows (in millions of US dollars):

Revenues$600

Expenses

Salaries 400

Royalties 80

Interest 50

Totalexpenses 530

Taxable income $70

All salaries are paid entirely to US employees.The royalties and interest are both entirely paid to Crosby's Scottish parent company.Crosby has generated more than $500 million in revenues for each of the last eight years.How much, if any, will Crosby owe to the US government in base erosion anti-abuse tax (BEAT)?Assume the U.S. corporate tax rate is 21%.

A. $0

B. $5.3 million

C. $42.0 million

D. $47.0 million