Toyota Motor Corporation uses target costing. Assume that Toyota marketing personnel estimate that the competitive selling price for the Camry in the upcoming model year will need to be $28,000. Assume further that the Camry's total unit cost for the upcoming model year is estimated to be $23, 200 and that Toyota requires a 20% profit margin on selling price (which is equivalent to a 25% markup on total cost). What price will Toyota establish for the Camry for the upcoming model year? $ Since the estimated manufacturing cost the target cost, Toyata its total costs to maintain competitive pricing within its profit objectives