B E4-20 (Algo) Calculating Target Cost [LO 4-8) Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: Book Estimated market price $ Annual demand Life cycle Target profit 1,700 94,000 units 6 years 26. return on sales Hint Print Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 44 percent return on sales. 3. Compute the target cost if Majesty wants a 8 percent return on sales. ferences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the target cost of this product. Tarpol Cost Required Required 2 >