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 Annual demand Life cycle Target proft S 2,200 84,000 units 4 years 28% return on sales Required 1. Compute the target cost of this product Target Cost 2. Compute the target cost if Majesty wants a 37 percent return on sales. Target Cost 3. Compute the target cost if Majesty wants a 10 percent return on sales. Target Cost