Global Products, Inc. had pre-tax income of $50 million this year. Last year was a bad year for Global with an operating loss of $44 million. Calculate Global's federal income tax payment for the current year. Recall that due to the Tax Cuts and Jobs Act, prior years' cumulative operating losses may be used to offset up to 80% of the current year's taxable income. The federal tax rate is 21%. a. $2.21 b. $2.10 c. $0.00 d. $2.00 e. $2.32