Cartwell Corp. had $90 million in pretax accounting income this year. This included estimated warranty expense of $6 million, and $10 million in straight-line depreciation expense. For tax purposes, Cartwell can deduct $3 million of cash warranty claims paid, and tax depreciation of $15 million. There were no other temporary or permanent book-tax differences. What is Cartwell's taxable income for the year?
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