During 2016, Red Corporation (A Calendar Year Taxpayer) Has $4,000,000

During 2016, Red Corporation (a calendar year taxpayer) has $4,000,000 of taxable income and the following transactions: ? $\begin{array}{ll}\text { AMTI (not including adjusted current earnings) } & \$ 5,000,000 \\\text { Adjusted current eamings } & 8,000,000\end{array}$
Red Corporation's alternative minimum tax (AMT) for 2016 is:

A) $1,360,000.
B) $700,000.
C) $500,000.
D) $90,000.
E) None of the above.