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A beauty product company is developing a new fragrance named Happy Forever. There is a probability of 0.52 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 0.52 that consumers will love Happy Forever and in this case, anual sales will be 1.10 million bottles a probability of 0.39 that consumers will find the smell acceptable and annual sales will be 222.000 bottles and a probability of 0.09 that consumers will find the smellunpleasant and annual sales will be only 55,000 bottles. The selling price is $37, and the variable cost is $9 per bottle. Fred production costs will be 5108 million per year, and depreciation will be $1.17 million Assume that the marginal tax rate is 40 percent. What are the expected annual incrementalater tax free cash flows from the new fragrance Annual incremental cash flows $

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