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 prices Annual demand Lito cycle Target profit 2,500 88,000 units years 268 return on sales int rences Required: 1. Compute the target cost of this product 2. Compute the target cost if Majesty wants a 43 percent return on sales. 3. Compute the target cost if Majesty wants a 11 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. Targot Cost