Current Attempt in Progress

A beauty product company is developing a new fragrance named Happy Forever. There is a probability of $0\mathrm{.}47$ that consumers will love

Happy Forever, and in this case, annual sales will be $1\mathrm{.}08$ million bottles; a probability of $0\mathrm{.}39$ that consumers will find the smell

acceptable and annual sales will be $220,000$ bottles; and a probability of $0\mathrm{.}14$ that consumers will find the smell unpleasant and annual

sales will be only $50,000$ bottles. The selling price is $$39,$ and the variable cost is $$10$ per bottle. Fixed production costs will be $$1\mathrm{.}01$

million per year, and depreciation will be $$1\mathrm{.}18$ 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 $0$ decimal places, e$.$g$.5,275.)$

Annual incremental cash flows $

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