Playland Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each cesting $1.1 million. Each machine has a five-year life and zoro residual value. The two products have different patterns of predicted net cash inflows: (Cick the icon to view the data) Calculate the sandbox toy project's payback period if the sandbex toy project had a residual value of $225,000, would the payback period change? Explain and recalculate if necessar Does this investment pass Playland's payback period screening rule? Calculate the sandbox toy project's payback period. Fist, enter the formula, then calculate the payback period. (Enter amounts in dolark, not millions. Round your answer to two decimai places Abbrevabon used: Amt a Amount.) Data table 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 different specialized machines, each cesting $1.1 million. Each machine has a five-year life and zoro residual value. The two products have different patterns of predicted net cash inflows: (Cick the icon to view the data) Calculate the sandbox toy project's payback period if the sandbex toy project had a residual value of $225,000, would the payback period change? Explain and recalculate if necessar Does this investment pass Playland's payback period screening rule? Calculate the sandbox toy project's payback period. Fist, enter the formula, then calculate the payback period. (Enter amounts in dolark, not millions. Round your answer to two decimai places Abbrevabon used: Amt a Amount.) Data table 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%