Question: Current Attempt in Progress A beauty product company is developing a new fragrance namied Happy Forever. There is a probability of 0.48 that consumers will

 Current Attempt in Progress A beauty product company is developing a

Current Attempt in Progress A beauty product company is developing a new fragrance namied Happy Forever. There is a probability of 0.48 that consumers will love Happy Forever, and in this case, annual sales will be 1.04 million bottles; a probability of 0.38 that consumers will find the smell acceptable and annual sales will be 211,000 bottlessand a probability of 0.14 that consumers will find the smell unpleasant and annual sales will be only 48,000 bottles. The selling price is $36, and the variable cost is $9 per bottle. Fixed production costs will be $1.04 million per year, and depreciation will be $1.17 million. 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 answer to O decimal ploces, es 5, 275.) Asnual incremental cash flows s

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