The following information relates to Top Choice Freightways for its first year of operations (data in millions of dollars)

Pretax accounting income: $215

Pretax accounting income included:

Overweight fines (not deductıble for tax purposes): $5

Depreciation expense: $70

Depreciation in the tax return: $90

The applicable tax rate is 25%. There are no other temporary or permanent differences. Top Choice's net income (S in millions) is:

$164.5 million

$157.5 million

$160.0 million

$162.0 million