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Night inc, a domestic corporation, earned $300,000 from offshore manufacturing activities on which it paid $36,000 of foreign income taxes. Night's foreign sales income is

Night inc, a domestic corporation, earned $300,000 from offshore manufacturing activities on which it paid $36,000 of foreign income taxes. Night's foreign sales income is taxed at a 50% income tax rate. Assume a 21% U.S. tax rate.

What amount of foreign sales income can Night earn without generating any excess FTCs for the current year?

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