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Homework: HW #7 - Chapter 12 Save Score: 0.23 of 1 pt 2 of 9 (2 complete) HW Score: 4.13%, 0.41 of 10 pts S12-3 (similar to) Question Help Toy World Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1 million. Each machine has a five-year life and zero residual value. The two products have different patterns of predicted net cash inflows: (Click the icon to view the data.) Calculate the sandbox toy project's payback period. If the sandbox toy project had a residual value of $125,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Toy World's payback period screening rule? Calculate the sandbox toy project's payback period. First, enter the formula, then calculate the payback period. (Enter amounts in dollars, not millions. Round your answer to two decimal places. Abbreviation used: Amt. = Amount.) Full years + Amt to complete recovery in next year Projected net cash inflow in next year ) = Payback Data Table + ) = years Year Year 1 Year 2. Annual Net Cash Inflows Toy action figure Sandbox toy project project $ 371,500 $ 540,000 371,500 370,000 371,500 310,000 371,500 230,000 371,500 25,000 $ 1,857,500 $ 1,475,000 Year 3. Year 4. Year 5. Total Enter any number in the edit fields and then click Check Answer. Toy World will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%. 3 parts Clear All Check Answer remaining Print Done