Loomix Inc,is a company that has a history of losing money and has accumulated $100 million in net operating losses. You expect the company to generate an operating loss of $50 million next year, followed by pre-tax operating profits of $75 million and $125 million in the following two years. If your marginal tax rate is 40%, how much will Loomix pay cumulatively as taxes in the next three years?

Group of answer choices

$90 million

$60 million

$20 million

$30 million

None of the above