Required information [The following information applies to the questions displayed below.) UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics ICU 180 3 Design Specifications Video caseras Video monitors Hotion detectors Floodlights Alaras Wiring Installation 3 1 1 630 feet 14 hour ICU See 1 3 6 5 2 1,ese feet 24 hour Cost Ota $ 105/ea $45/ea $ 10/0 $ 4/ea $ 10/ $.0.1/feet $ 10/hour The ICU 100 sells for $830 installed, and the ICU 900 sells for $1.540 installed Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $770 and on the ICU 900 to $1.410 to remain competitive in the market Recalculate gross profit margin percentages for both products at these price levels and then compute the The ICU 100 sells for $830 installed, and the ICU 900 sells for $1,540 installed. Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $770 and on the ICU 900 to $1.410 to remain competitive in the market Recalculate gross profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current gross profit margin percentages (For all requirements, round your percentage answers to 2 decimal places (i.e..1234 = 12.34%) and other answers to the nearest whole dollar amount.) 1. Current profit margin 2. Profit margin Target cost ICU 100 % % ICU 900 % %