Play Life Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1.1 million. Each machine has a five year life and zero residual value. The two products have different patterns of predicted net cash Infows: Click the loon to view the data) Calculate the sandbox toy project's payback period, the sandbox toy project had a residual value of $125 000, would the payback period change7 Explain and recalculate necessary. Does this investment pass Play Life'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.) + - Payback years i me sandbox toy project had a residual value of $125.000, would the payback period change? Explain and recalculate if necessary the investment had a $125,000 residual value the payback period afected. The cash inflow from any residus value would ocor the asset's useful operating life and taken into account when calculating the payback period (Round your answer to two decimal places) The payback period if the sandbox toy project had a residual value of $125.000 Does this investment pass Play The payback period is fe's paytack period screening rue? 3.5 years, soit Play Life's initial screening Data Table Annual Net Cash Inflows Year Toy action Sandbox toy figure project project 332,000 $ 530,000 332,000 340,000 332,000 310,000 332,000 280,000 332,000 40,000 1,660,000 $ 1,500,000 lay 3 . vhe 4 . 5 . Total res Play Life will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%. od so Print Done