Yuhu manufactures cell phones and is developing a new model with a feature (aptly named Don’t Drink and Dial) that prevents the phone from dialing an owner-defined list of phone numbers between the hours of midnight and 6:00 a.m. The new phone model has a target price of $380. Management requires a 25% profit on new product revenues. 

Required:
1. Calculate the amount of desired profit.
2. Calculate the target cost.