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 20%, 40%, and 40%, respectively. Madison's taxable income is $530 million for the year. Its effective tax rate is 40%. What is Madison's income tax expense for the year?

a $142 million

b $212 million

c $170 million

d $28 million