Increase chase speed

I have the following script added to an object:

var targ : GameObject;
 
function Start(){
    targ = GameObject.Find("Player");
}
 
function Update(){
    transform.position = Vector3.MoveTowards(transform.position, targ.transform.position, .03);
}

function OnTriggerEnter ()
{
Application.LoadLevel ("Level 1");
}

I wanna know if it is possible to make the object go faster towards you. Please any help is accepted.

I believe the third variable in “Vector3.MoveTowards(transform.position, targ.transform.position, .03)” is what you are looking for. change the “.03” to change the speed.