George Operates a Business That Generated Revenues of $50 Million

George operates a business that generated revenues of $50 million and allocable taxable income of $1.25 million. Included in the computation of allocable taxable income were deductible expenses of $240,000 of business interest and $250,000 of depreciation. What is the maximum business interest deduction that George will be eligible to claim this year?

A) $375,000
B) $552,000
C) $1,500,000
D) $300,000
E) $228,000