Playmore Products is considering producing toy action fggures and sandbox boys. The products require ditlerent specialized machines, each oosting $1 milion. Each machine has a five-year life and zero residual value. The two products have diflerent patiems of predicted net cash inflows: (C) (Cick the ion to view the data.) Calculabe the sandbooc toy project's payback period. If the sandbox boy project had a residual value of $175,000, would the payback period change? Explain and recaloulate if necessary. Does this imestment pass Playmore's payback period screening rule? Calculate the sandboc toy project's payback period. First, enter the formula, then calculate the payback period. (Enter amounts in dollars, not millions. Round your answer to tavo decimal places. Abbreviation used: Amt. = Amount. +(++Payback+[[1++=years If the sandbox toy peoject had a residual value of $175,000, would the payback. period change? Explain and recaloulate if necessary. If the investment had a $175,000 residual value, the payback period {1 affected. The cash inflow from any residual value would occur (2) the asset's useful operating life and (3) taken into account when calculating the palyback. period. (Round your answer to two decimal places.) The payback period if the sandbox toy project had a residual value of $175,000 is years. Does this investment pass Playmore's payback period screening rule? The payback period is (4) 3.5 years, 90 it (5) Playmore's initial screening. 1: Dats Table Playmore will consider making capital investments only if the payback period ot the peoject is less than 3.5 years and the ARR exceeds 8% (1) would be (2) at the beginning of (3) is (4) equal bo (5) does not pass would not be at the end of is not less than pases