Information for Hobson International Corp. for the current year ($ in millions): Income from continuing operations before tax $150 Extraordinary loss (pretax) 30 Temporary differences (all related to operating income): Accrued warranty expense in excess of write-offs included in operating income 10 Depreciation deducted on tax return in excess of depreciated expense 25 Permanent differences (all related to operating income): Nondeductible portion of travel & entertainment expense 5 The applicable enacted tax rate for all periods is 40%.

What is Hobson's income tax payable for the current year? A. $52 million B. $50 million C. $44 million D. $48 million