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USAco owns an IC-DISC. USAco exports $100 million of hubcaps that it manufacturers in the United States using raw materials mined and purchased in the

USAco owns an IC-DISC. USAco exports $100 million of hubcaps that it manufacturers in the United States using raw materials mined and purchased in the United States. The export of hubcaps:

1 does not pass the foreign destination test.

2 does not qualify as export property.

3 is a sale of export property.

4 does not satisfy the minimum U.S. content requirements.

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