Wildcat Corporation is the parent company of a three-member affiliated group. Wildcat and Badger Corporations have filed consolidated tax returns for several years. Early in the current year, Wildcat purchases Hawkeye Corporation, a start-up business that incurred net operating losses in each of its first three years prior to the purchase. Hawkeye’s losses total $260,000. Can the Wildcat-Badger-Hawkeye group deduct the losses on its consolidated tax return? The group expects annual profits to be $300,000, with Hawkeye’s contribution to the total being $50,000. What tax issues should the three corporations consider when determining how they can deduct the NOLs?