Information for Hobson Corp. for the current year ($ in millions): Income from continuing operations before tax Loss on discontinued operation (pretax) Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income $200 44 25 Depreciation deducted on tax return in excess of depreciation expense 55 Permanent differences (all related to operating income): Nondeductible portion of entertainment expense 8 The applicable enacted tax rate for all periods is 25%. What is Hobson's income tax payable for the current year? (Round your answer to 2 decimal places.)