Use the Information for the Question(s)below

Multiple Choice

Use the information for the question(s) below.
Ford Motor Company is considering launching a new line of hybrid diesel-electric SUVs.The heavy advertising expenses associated with the new SUV launch would generate operating losses of $35 million next year.Without the new SUV,Ford expects to earn pretax income of $80 million from operations next year.Ford pays a 30% tax rate on its pretax income.
-The amount that Ford Motor Company owes in taxes next year without the launch of the new SUV is closest to:

A) $24.0 million
B) $56.0 million
C) $31.5 million
D) $13.5 million
E) $10.5 million