Question: Question 16 3 pts Before considering a net operating loss carryforward of $73 million, Fama Corporation reported $250 million of pretax accounting and taxable income

Question 16 3 pts Before considering a net operating loss carryforward of $73 million, Fama Corporation reported $250 million of pretax accounting and taxable income in the current year. The income tax rate for all previous years was 37%. On January 1 of the current year, a new tax law was enacted, reducing the rate to 25% effective immediately. Fama's income tax payable for the current year would be: (Round your answer to the nearest whole million.) $65.49 million. $119.51 million. $44.25 million. $46.25 million.

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