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 sandbox toy project's payback period. If the sandbox toy project had a residual value of $175,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Playland's payback period screening rule? Data table Calculate the sandbox toy project's payback period. Annual Net Cash Inflows 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. = Amo Year Toy action figure Sandbox toy project project Full years + Amt. to complete recovery in next year Projected net cash inflow in next year ) = Payback +( )= years Year 1. Year 2.. $ 317,750 $ 520,000 317,750 375,000 Year 3. 317,750 300,000 Year 4. 317,750 250,000 317,750 25,000 Year 5.. $ 1,588,750 $ 1,470,000 Total Help me solve this Video Get more help 63F Mostly sunny H Q 99+ C 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%. Print Done Clear all Check answer 8:49 AM 4/28/2022