Presidente Cocktail

3 tablespoons apple juice (instead of rum and sweet vermouth)
1 tablespoon white grape juice (instead of dry vermouth)
1/4 teaspoon rum extract
Dash grenadine
Dash orange bitters (istead of Amer Picon liqueur)
1 maraschino cherry
1 slice lemon peel

Combine first five ingredients in a cocktail shaker. Add cherry and lemon peel. Serve over ice in an old-fashioned or martini glass.