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: Estimated market price $ 2,900 Annual demand 84,000 units Life cycle 5 years Target profit 27% return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 39 percent return on sales. 3. Compute the target cost if Majesty wants a 12 percent return on sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the target cost of this product. Target Cost < Required 1 Required 2 > Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 39 percent return on sales. 3. Compute the target cost if Majesty wants a 12 percent return on sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the target cost if Majesty wants a 39 percent return on sales. Target Cost < Required 1 Required 3 > 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: Estimated market price $ 2,900 Annual demand 84,000 units Life cycle Target profit 5 years 27% return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 39 percent return on sales. 3. Compute the target cost if Majesty wants a 12 percent return on sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the target cost if Majesty wants a 12 percent return on sales. Target Cost