Georgia, Inc. has no temporary or permanent differences. The company experiences the following:

Year	Taxable income/loss	Tax rate	Tax paid
2014	$ 100,000	35%	$ 35,000
2015	200,000	30%	60,000
2016	400,000	40%	160,000
2017	(500,000)	----	-0-

In 2017, Georgia, Inc. decides to carry back its NOL. What amount of income tax refund receivable will Georgia record for 2017?

a. $200,000

b. $180,000

c. $190,000

d. $ -0-