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Score: 0.18 of 1 pt 1 of 9 (1 complete) HW Score: 1.82%, 0.18 of 10 pts S12-2 (similar to) Question Help Playtime Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1.3 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 toy action figure project's payback period. If the toy action figure project had a residual value of $150,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Playtime's payback period screening rule? Calculate the toy action figure project's payback period. Data Table First enter the formula, then calculate the payback period. (Enter amounts in dollars, not millions. Round your answer to two decimal places.) Initial investment Expected annual net cash inflow Payback period years Year Annual Net Cash Inflows Toy action figure Sandbox toy project project 305,450 $ 510,000 305,450 350,000 Year 1.. Year 2 Year 3 305,450 320,000 Year 4 305,450 305,450 280,000 40,000 Year 5.. $ 1,527,250 $ Total 1,500,000 Playtime will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%. Enter any number in the edit fields and then click Check Answer. ? Print Done 3 parts remaining Clear All Check