a) $46.00 million

b) $48.10 million

c) $46.50 million

d) $52.50 million

TB MC Qu. 16-113 (Algo) Information for Hobson Corporation for the... Information for Hobson Corporation for the current year (\\$ in millions): Income from continuing operations before tax \\( \\$ 260 \\) Loss on discontinued operation (pretax) 60 Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income 20 Depreciation deducted on tax return in excess of depreciation expense 15 Permanent differences (all related to operating income): Nondeductible portion of entertainment expense 5 The applicable enacted tox rate for all periods is \25. What is Hobson's income tax payable for the current year? Note: Round your answer to 2 decimal places