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 $ 2,500 Annual demand Life cycle Target profit 86,000 units 3 years . 27% return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 38 percent return on sales. 3. Compute the target cost if Majesty wants a 14 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