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A beauty product company is developing a new fragrance named Happy forever. There is a probability of 0.49 that consumers will love Happy Forever, and

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A beauty product company is developing a new fragrance named Happy forever. There is a probability of 0.49 that consumers will love Happy Forever, and in this case, annual sales will be 1.08 mition bottles, a probability of 0.38 that consufners witt find the sme.t acceptable and annual sales will be 201,000 bottles; and a probability of 0.13 that consumers will find the smell unpleasant and annual sales will be only 49,000 bottles. The selling price is $40, and the variable cost is $9 per bottle. Fiked production costs will be $1.02 million per year, and depreciation will be $1.21 milfion. Assume that the marginal tax rate is 27 percont. What are the expected annual incremental after tax frec eash flows from the new fragrance? (Round answer to 0 decimat ptaces, es, 5,275 ) Annual incremental cash flows

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