Problem 11.33 A beauty product company is developing a new fragrance named Happy Forever. There is a probability of 0.51 that consumers will love Happy Forever, and in this case, annual sales will be 1.05 million bottles; a probability of 0.41 that consumers will find the smell acceptable and annual sales will be 186,000 bottles; and a probability of 0.08 that consumers will find the smell unpleasant and annual sales will be only 49,000 bottles. The selling price is $40, and t aiable cost is $9 per bottle. Fixed production costs will be $1.10 million per year, and depreciation will be $1.22 million. Assume that the marginal tax rate is 40 percent. What are the expected annual incremental after-tax free cash flows from the new fragrance? Annual incremental cash flows Click if you would like to Show Work for this question: Open Show Wor Question Attempts: 0 of 2 used SAVE FOR LATERSUBMIL ANSWH