Madison Company has taken a position in its tax return to claim a tax credit of $70 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 $70 million, $42 million, or $14 million tax benefit will be sustained is 25%, 30%, and 45%, respectively. Madison's taxable income is $560 million for the year. Its effective tax rate is 25%. What is Madison's income tax expense for the year? Multiple Choice $98 million $70 million $140 million $28 million