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 $ Estimated market price Annual demand Ufe cycle Target profit 1,900 94,000 units 5 years 27% return on sales Required: 1. Compute the target cost of this product, Target Cost 2. Compute the target cost Majesty wants a 30 percent return on sales Target Cost 3. Compute the target Cost Majesty wants a 8 percent return on sales Target Cout