LandRover Inc. is a publicly traded company that reported net income of $90 million in the most recent year, after depreciation of $40 million. The firm reported capital expenditures of $85 million and an increase in working capital of $10 million. If total debt at LandRover increased by $20 million during the course of the year, how much could LandRover have afforded to pay out in dividends during the course of the year?

Select one:

a. $20 million

b. $80 million

c. $30 million

d. $55 million