Playtime Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1.4 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 toy action figure project's payback period. If the toy action figure project had a residual value of $225,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Playtime's payback period screening rule? Calculate the toy action figure project's payback period. First enter the formula, then calculate the payback period. (Enter amounts in dollars, not milions, Round your answer to two decimal places) - Payback period Annual Net Cash Inflows Year wo decima Toy action Sandbox toy figure project project 314,300 $ 510,000 314,300 375,000 314,300 325,000 314,300 260,000 314,300 50,000 1,571,500 $ 1,520,000 Total Playtime will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%. Playtime Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1.4 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 toy action figure project's payback period. If the toy action figure project had a residual value of $225,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Playtime's payback period screening rule? Calculate the toy action figure project's payback period. First enter the formula, then calculate the payback period. (Enter amounts in dollars, not milions, Round your answer to two decimal places) - Payback period Annual Net Cash Inflows Year wo decima Toy action Sandbox toy figure project project 314,300 $ 510,000 314,300 375,000 314,300 325,000 314,300 260,000 314,300 50,000 1,571,500 $ 1,520,000 Total Playtime will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%