n the current year, Nighthawk Corporation, a calendar year C corporation, has $3.7 million of adjusted taxable income, $125,000 of business interest income, zero floor plan financing interest, and $1.4 million of business interest expense. Assume that Nighthawk has average gross receipts for the prior three-year period of $33 million. Determine Nighthawks current year deduction for business interest . Assume that Nighthawk has average gross receipts for the prior three-year period of $23 million. Determine Nighthawks current year deduction for business interest .