A beauty product company is developing a new fragrance named Happy Forever. There is a probability of 0.5 that consumers will love Happy Forever, and in this case, annual sales will be 1 million bottles; a probability of 0.4 that consumers will find the smell acceptable and annual sales will be 200,000 bottles; and a probability of 0.1 that consumers will find the smell weird and annual sales will be only 50,000 bottles. The selling price is $38, and the variable cost is $8 per bottle. Fixed production costs will be $1 million per year and depreciation will be $1.2 million. Assume that the marginal tax rate is 40 percent. What are the expected annual incremental cash flows from the new fragrance?