George Operates a Business That Generated Revenues of $60 Million

George operates a business that generated revenues of $60 million and allocable taxable income of $1.35 million. Included in the computation of allocable taxable income were deductible expenses of $245,000 of business interest and $255,000 of depreciation. What is the maximum business interest deduction that George will be eligible to claim this year?

A) $405,000
B) $555,000
C) $1,605,000
D) $328,500
E) $255,000