help accounting

Toy Time Products is considering producing toy action figures and sandbox toys. The products require diflerent 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 projoct had a residual value of \$225,000. would the payback period change? Explain and recalculate it necessary. Does this inwestrent pass Toy Time'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 dolars, not milions. Round your answor to two decimal places. Abbreviation used: Arrt, = Amount.) Data table Toy Time will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%