Salinger Software Was Founded in 2015 ?
the Company Has No Debt,so Operating Income Equals Earnings

Multiple Choice

Salinger Software was founded in 2015.The company lost money each of its first three years,but was able to turn a profit in 2018.Salinger's operating income (EBIT) for its first four years of operations is reported below. $$\begin{array} { r r } \text { Year } & \text { EBIT } \\2015 & - \$ 100,000,000 \\2016 & - \$ 150,000,000 \\2017 & - \$ 100,000,000 \\2018 & \$ 700,000,000\end{array}$$
?
The company has no debt,so operating income equals earnings before taxes.The corporate tax rate has remained constant at 35%.Assume that the company took full advantage of the carry-back,carry-forward provisions in the Tax Code,and assume that the current provisions were applicable in 2015.How much tax did the company pay in 2018?

A) $121,275,000
B) $132,300,000
C) $135,975,000
D) $122,500,000
E) $101,675,000