Before considering a net operating loss carryforward of $81 million, French Conporation reported $300 million of pretax accounting and taxable income in the current year. The income tax rate for all previous years was 35%. On January 1 of the current year, a new tax law was enacted, reducing the rate to 20% effective immediately. French's income tax payable for the current year would be: (Round your answer to the nearest whole million.) Multiple Choice S133 milion S77 milion 576 millon O 566 milion 96 milion