Majesty Company uses target costing to ensure that is products are profitable. Assume Majesty is planning to introduce a new product with the following estimates $ Estimated market price Annual demand Life cycle Target pro 2.000 85.000 units 7 years 27% return on sale Required: 1. Compute the target cost of this product Taigot Com 2. Compute the target cost Majesty wants a 37 percent return on sales Tarpet Cost 3. Compute the target cost if Majesty wants a 12 percent retum on sale