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In the current year, Nighthawk Corporation, a calendar year C corporation, has $ 3 , 7 0 0 , 0 0 0 of adjusted taxable

In the current year, Nighthawk Corporation, a calendar year C corporation, has $3,700,000 of adjusted taxable income, $125,000 of business interest income, zero floor plan financing interest, and $1,400,000 of business interest expense.

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