Question 3 Partially correct Mark 1.00 out of 2.00 Flag question The following information relates to Questions 1 and 2 Cyclops Company manufactures kinetic torches. Based on market research, Cyclops decides on a target selling price of $8.00 for its "Omega Red" model. They expect to sell 15000 units of Omega Reds in the next month. The target profit margin for Cyclops' products is 50% The current production cost per unit of Omega Reds is $3 Question 1 Calculate the target cost for one Omega Red torch. Round to 2 dec places if required 4 Your last answer was interpreted as follows: 4 Question 2 Calculate the cost reduction objective for one Omega Red torch. Round to 2 dec places if required. 11 Your last answer was interpreted as follows: 11 A correct answer is 4.0, which can be typed in as follows: 4.0 A correct answer is 0.0, which can be typed in as follows: 0.0