Company ABC uses straight-line method for financial statement purposes and an accelerated method for tax purposes. At the end of Year 2, Company ABC reports net PP&E of $430 million. Net deferred tax liability related to excess depreciation is $11.1 million. The net deferred tax liability at Year 2 is increased by $1.6 million. The reported pretax income is $56 million at Year 2. Tax rate is 35%. For Year 2, w hats PP&E using tax depreciation method?

a. $398.29 million

b. $430.00 million

c. $51.43 million

d. $425.43 million