MTZ Furniture is considering a new product and must make a go or no-go decision before tomorrow's planning team meeting. Market research shows that the unit selling price agreeable to potential customers is $1, 600, and the company's desired profit is 22 percent of target cost. The designer's preliminary estimate of the product's design, production, and distribution costs is $1, 380 per unit. Using target costing, determine whether the company should market the new product. (Round to the nearest dollar.)