StatPro has just been presented the following market and production estimates on Product x27, which has been under development in the company. Projected market prie of X27 Projected gross margin per unit $215 (based on 180,000 life cycle unit sales over five- year life) 35 Estimated selling and administrative costs per unit 40 Estimated production costs Direct material $70 Direct labor 40 Variable overhead 15 Fixed overhead $360,000 annually How much is the target cost?