Mode: Chapter 3-4 Homework i Saved Help Save & Exit Check my wo E4-18 Calculating Target Cost [LO 4-8] Turtle Inc. has developed a new and improved widget. The company plans to sell the product through an existing website. Turtle's marketing department believes the product will sell for $80. Turtle's goal is a 40 percent profit margin on the widget. Required: ook 1. If current prototypes cost $49.50 to produce, will Turtle meet its profit goal? int O Yes int O No ences 2. Calculate the target cost necessary for Turtle to earn 40 percent profit. Target Cost