Charlene Company, which desires to enter the market with a new product, will perform the following tasks:

$1$Design and engineer the product.

$2$Determine the product's cost.

$3$Determine the desired profit margin.

$4$Determine the suggested selling price.

If Charlene uses target costing, which task would the company perform first?

Group of answer choices

$2$

$4$

$1$

None

$3$