Help Save & Exit Madison Company has taken a position in its tax return to claim a tax credit of $160 million (direct reduction in taxes payable) and has determined that its sustainability is 'more likely than not," based on its technical merits. The tax credit would be a direct reduction in current taxes payable. Madison believes the likelihood that a $160 million, $96 million, or $32 million tax benefit will be sustained is 25%, 30%, and 45%, respectively. Madison's taxable income is $920 million for the year (Not including the claimed tax credit above). Its effective tax rate is 25%. What is Madison's income tax expense for the year? Multiple Choice $70 million $64 million $230 million $134 million