The pretax financial statement income for Wolpin Industries was $32million the year ended december 31, 2015. Wolpin's taxable income was $25 million. The difference was due to differences between depreciation for financial reporting purposes and tax purposes. The enacted tax rate is 40% for 2015 and 35% thereafter. If no 2015 taxes have been paid, what is Wolpin's income taxes payable for for 2015?

A. 12.8 million B.$10.0million C. $11.2 million D. $8.75million