Playmore Products is considering producing toy action figures and sandbox toyo. The products require different specialized machines, each costing $1 milion. 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 of the sandbox toy project had a residual value of $175,000, would the payback period change? Explain and recaloulate if necessary, Does this investment pass Playmore's payback period screening rule? Calculate the sandbox toy 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 plices. Abbreviation used: Amt Amount.) ) - Payback Data Table Annual Net Cash Inflows Toy action figure Sandbox toy Year project project Year 1 $ 312,500 $ 518.000 Year 2 312,500 380.000 Year 3 312,500 340,000 Year 4. 312,500 240,000 Year 5.. 312,500 50.000 5 1.562,500 $ 1,528.000 Total Playmore will consider making capital investments only if the payback period of the project is less than 3,5 years and the ARR exceeds 8% Choose from any drop-down list and then This parts Check Answer Ten 4 tomining