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: S 1,900 Estimated market price Annual demand Life cycle Target profit 85,000 units 4 years 28% return on sales Required . Compute the target cost of this product. Target Cost 2. Compute the target cost if Majesty wants a 41 percent return on sales arget Cost 3. Compute the target cost if Majesty wants a 13 percent return on sales. Target Cost