Calculate the sandbox toy project's ARR If the sandbox toy project had a residual value of $175,000, would the ARR change? Explain and recalculate if necessary. Does this investment pass Playland's ARR screening rule? First, enter the formula then compute the ARR of the sandbox toy project (Enter amounts in dollars, not millions Enter your answer as a percent rounded to two decimal places.) Accounting Average annual operating income from asset Initial Investment rate of return 343000 1,000,000 34 %6 Data table Year Annual Net Cash Indlows Toy action figure Sandbox toy project project 343.000 $ 550.000 Year 1 $ Year 2 343.000 360.000 Year 3 343,000 310.000 Year 4 Year 5 343 000 343.000 1715.000 $ 270.000 20 000 1,510.000 ++ S Total Playland will consider making capital investments only If the payback period of the project is less than 3.5 years and the ARR exceeds 8% Playland Products is considering producing toy action figures and sandbox toys. The products requite different specialized machines, each costing 51 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 ARR If the sandbox toy project had a residual value of $175,000 would the ARR change? Explain and recalculate if necessary. Does this investment pass Playland's ARR screening rulo? First, enter the formula, then compute the ARR of the sandbox toy project (Entor amounts in dollars, not millions Enter your answer as a percent rounded to two decimal places Accounting Average annual operating income from asset Initial investment rate of retum 343000 $ 1,000,000 34 %