Cumnock Corporation (CC) is estimating cash flows from a new product for the next year. The cash flow generated by the new product sales is uncertain. It has estimated the following probability distribution of after-tax cash flows from these sales for the next year: Possible State Probability After-tax Cash Flow 1 .2 $9,000 2 .3 $12,000 3 .5 $15,000 Use the above information to answer the following questions. The tax rate is 35%. What is the expected value of the after-tax cash flows from the new design