A company plans to launch a new product. Marketing for the new product will cost $8 million but the company expects revenues from other existing products to reach $280 million. The company has a corporate tax rate of 35% what will effect will the marketing cost have of its' taxes?

a) It will decrease taxes by $8 million.

b) It will increase taxes by $2.8 million.

c) It will have no effect on taxes.

d) It will reduce taxes by $2.8 million.