Playland Products is considering producing toy action figures and sandbox toys. The products require difterent specialized machines, each costing $1 million. Each machine has a five-year Ife 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 projects ARR. If the sandbox toy project had a residual valuo of $150,000, would the ARR change? Explain and recalculate if nocessary. Does this investment pass Playland's ARR screening rule? First, enter the formula, then compute the ARR of the sandbox toy project: (Enter amounts in dolars, not milions. Enter your answor as a porcent rounded to two docirnal places.) 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%. Playland Products is considering producing toy action figures and sandbox toys. The products require difterent specialized machines, each costing $1 million. Each machine has a five-year Ife 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 projects ARR. If the sandbox toy project had a residual valuo of $150,000, would the ARR change? Explain and recalculate if nocessary. Does this investment pass Playland's ARR screening rule? First, enter the formula, then compute the ARR of the sandbox toy project: (Enter amounts in dolars, not milions. Enter your answor as a porcent rounded to two docirnal places.) 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%