Mr. McCann died this year. During his lifetime, he made taxable gifts significantly in excess of his lifetime transfer tax exclusion. Mr. McCann's taxable estate was $21.9 million. Compute the estate tax on this estate.
A. $6.660 million
B. $7.665 million
C. $8.760 million
D. The facts are insufficient to compute the estate tax.
Answer: C
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