Plant City operates a commercial plant nursery where it propagates plants for garden centers throughout the region. Plant City has $5 million in assets. Its yearly fixed costs are $600,000, and the variable costs for the potting soil, container, label, seedling, and labor for each gallon-sized plant total $1.25. Plant City's volume is currently 500,000 units. Competitors offer the same quality plants to garden centers for $3.50 each. Garden centers then mark them up to sell to the public for $9 to $12, depending on the type of plant. Read the requirements Requirement 1. Plant City owners want to eam a 12% return on the company's assets. What is Plant City's target full cost? Calculate the target full cost for Plant City. Select the formula labels and enter the amounts. Less: Target full cost Requirement 2. Given Plant City's current costs, will its owners be able to achieve their target profit? Show your analysis. Calculate Plant City's current total full cost. Select the formula labels and enter the amounts Total full cost