Before considering a net operating loss carryforward of $74 million, fama corporation reported $210 million of pretax accounting and taxable income in the current year. the income tax rate for all previous years was 38%. on january 1 of the current year, a new tax law was enacted, reducing the rate to 27% effective immediately. fama's income tax payable for the current year would be: (round your answer to the nearest whole million.)

$108 million.
$37 million.
$39 million.

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.