Consider the following income statement for Kroger Inc. (all figures in $ Millions):
Year 2006 2005 2004
Total Sales 60,553 56,434 53,791
Cost of goods sold 45,565 42,140 39,637
Selling, general & admin expenses 11,688 12,191 11,575
Depreciation 1,265 1,256 1,209
Operating Income 2,035 847 1,370
Other Income 0 0 0
EBIT 2,035 847 1,370
Interest expense 510 557 604
Earnings before tax 1,525 290 766
Taxes (35%) 534 102 268
Net Income 991 189 498
The interest rate tax shield for Kroger in 2006 is closest to:
A) $187 million
B) $332 million
C) $534 million
D) $179 million
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