Chapter 4 Homework 8 E4-20 (Algo) Calculating Target Cost [LO 4-8) 5 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 tatimated market price 2.900 Anual demand 91,000 units Life wyale 4 years Target proti 20 return on sale 10 Required: 1. Compute the target cost of this product 2. Compute the target cost Majesty wants a 42 percent return on sales 3. Compute the target cost Majesty wants a 11 percent return on sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Compute the target cost of this product Required a