In the current year, Blue Inc., a C corporation, has $8,000,000 of adjusted taxable income, $350,000 of business interest income, and $3.2 million of interest expense. Blue has average gross receipts for the prior three years of $35,000,000. Which of the following statements is correct regarding the treatment of Blue's business interest expense? Current year deduction of $2,400,000, carryforward of $800,000. Current year deduction of $2,750,000, carryforward of $450,000. Current year deduction of $3,200,000. Current year deduction of $2,400,000, carryback of $800,000