George operates a business that generated revenues of $70 million and allocable taxable income of $1.45 million. Included in the computation of allocable taxable income were deductible expenses of $250,000 of business interest and $260,000 of depreciation. What is the maximum business interest deduction that George will be eligible to claim this year? Which answer is correct?

A. 357,000

B. $588,000

C. $1,710,000

D. $435,000

E. $282,000