Northwest Company has average gross receipts of $50 million annually. This year, Northwest incurred $10.5 million of net business interest and has adjusted taxable income of $29 million. Compute Northwests current deduction for business interest and the amount of any business interest carryforward. (Enter your answers in dollars not in millions of dollars.)

Business interest deduction	$___
Business interest carryforward	$___

**Please show your work