Playtime Products is considering producing toy action figures and sandbox toys. The products require ditorent specialized machines, each costing $1.5 millon. Each machine has a five-year We 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 projects payback period of the toy action figure project had a resident value of $200,000, would the payback period chunge? Explain and recalculate if necessary. Does this investment pass Playtime's payback period screening rule? Calculate the toy action figure projects payback period. . First enter the formula then calculate the payback period (Enter amounts in dollars, not millions Round your answer to two decimal places) Expected unnu net cath inflow initial investment Payback period years If the toy action figure project had a residuw value of $200,000, would the boyack period change? Explain and recalculate i necessary the investment had a $200,000 residus value, the payback period would not be affected. The cash wow from any resident value would occur at the end of uvet's usatul operating Me and is not then into account when calculating the payback period Round your answer to two decimales The payback period of the toy action figure project had a residual value of $200,000 Does this investments Playtime's payback period screening rule? the The payback period is equal to 3.5 years, soit does not pose Playtime's stilrening Data table Annual Net Cash Inflows Toy action figure Sandbox toy project project Year Year 1 $ $ 400.175 $ 525,000 Year 2 400.175 370.000 Year 3 400 175 330,000 Year 4 400 175 MI 250.000 40,000 Year 5 400, 175 $ Total 2,000 875 $ 1,515,000 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%