Playmore Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing 51 million. Each machine has a five-year life and zero residual value. The two products have different pattoms of predicted net cash inflows Click the icon to view the data) Calculate the sandbox toy projects payback period of the sandbox toy project had a residual value of $175,000, would the payback period change? Explained recalculate 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 places Ahbaviation used Amt Amount . Amt to complete recovery in a year Projected net cash inflow in next year Payback Full years 2 year Data Table Year Annual Net Cash Inflows Toy action figure Sandbox toy project project $ 312,500 $ 518,000 Year 1 Year 2 312.500 380.000 . Year 3 312,500 340.000 Year 4 312.500 240.000 50.000 Year 5 312,500 S 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% Print Done and