The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: $ 250 Pretax accounting income included: Overweight fines (not deductible for tax purposes) 6 Depreciation expense 67 Depreciation in the tax return using MACRS: 105 The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is: Multiple Choice $38. $212. $105. $218.