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A beauty product company is developing a new fragrance named Happy forever. There is a probability of 0.46 that consumers will iove Happy Forever, and

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A beauty product company is developing a new fragrance named Happy forever. There is a probability of 0.46 that consumers will iove Happy Forever, and in this case, annual sales will be 1.03 million bottles, a probability of 0.36 that consumers will find the smell acceptable and annual sales will be 227,000 bottles; and a probability of 0.18 that consumers will find the smell unpleasant and annual sales will be only 52,000 bottles. The selling price is $37, and the variable cost is $9 per bottle. Fixed production costs will be $1.05 mililion per year, and depreciation will be $1.17 miltion. Assume that the marginal tax rate is 27 percent. What are the expected annual incremental after-tax free cash flows from the new fragrance? (Round anower to Odecimol ploces, eg. 5,275.) Annual incremental cash flows 5

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