Play Life Products is considering producing toy action figures anid sandbox toys. The products require different specialized achines, each costing $1 million. Each machine has a five-year life and zero residual value. The two products have different peterris of predicted riet 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 $200.000, would the ARR changs? Explain and recaculate f necessary. Does this investment pass Play Life's ARR screening rule? First, enter the formula, then compute the ARR of the sandbox toy project. (Enter amounts in dollars, nat millions. Enter your answer as a percent rounded to two decimal placea.) - rate of returm Data Table Annual Net Cash Inflows Toy actionSandbox toy Year figure project project 525,000 380,000 300,000 280,000 50,000 2,143,750 $ 1495,000 428,750 $ 428.750 428,750 428,750 428,750 Total Play Life will consider making capital investments only if the payback period of the praject is less than 3.5 years and the ARR exceeds 890. Print Done