Information for Hobson Corporation for the current year ( $ in millions): Income from continuing operations before tax $380 Loss on discontinued operation (pretax) 92 Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income 60 Depreciation deducted on tax return in excess of depreciation expense 95 Permanent differences (all related to operating income): Nondeductible portion of entertainment expense 13 The applicable enacted tax rate for all periods is 25%. What is Hobson's income tax payable for the current year? Note: Round your answer to 2 decimal places. Multiple Choice $62.50 million $64.50 million $60.00 milion $66.50 million