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 $130. Turtle's goal is a 40 percent profit margin on the widget. Required: 1. If current prototypes cost $38.50 to produce, will Turtle meet its profit goal? 2. Calculate the target cost necessary for Turtle to earn 40 percent profit. Target Cost