Playland Products is considering producing toy action figures and sandbox toys. The products require different 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 toy action figure project's payback period. If the toy action figure project had a residual value of $125,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Playland's payback period screening rule? Calculate the toy action figure 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.) = Payback period i Data Table Annual Net Cash Inflows | - Toy action Sandbox toy figure project project 400,175 $ 500,000 400,175 375,000 400,175 320,000 400,175 260,000 400,175 40,000 + 5. ........ 2,000,875 $ 1,495,000 Total Choose from any drop-down list and the 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%