Playtime Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1 million. 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. If the sandbox toy project had a residual value of $200,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Playtime's payback period screening rule? i Data Table Calculate the sandbox toy project's payback period. First, enter the formula, then calculate the payback period. (Enter amounts in dollars, not millio Amount.) Annual Net Cash Inflows Year If the sandbox toy project had a residual value of $200,000, would the payback period change? If the investment had a $200,000 residual value, the payback period affected. T the asset's useful operating life and taken into account when cald Toy action Sandbox toy figure project project 332,000 $ 510,000 332,000 360,000 332,000 300,000 332,000 270,000 332,000 20,000 (Round your answer to two decimal places.) 5. ..... The payback period if the sandbox tov proiect had a residual value of $200.000 is ve 1,660,000 $ 1,460,000 Total Choose from any list or enter any number in the input fields and then continue to the nex 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%. javascript:doExercise (7); 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. Abbreviation used: Amt. = Amount.) J) = )= Payback years If the sandbox toy project had a residual value of $200,000, would the payback period change? Explain and recalculate if necessary. If the investment had a $200,000 residual value, the payback period affected. The cash inflow from any residual value would occur the asset's useful operating life and taken into account when calculating the payback period. (Round your answer to two decimal places.) The payback period if the sandbox toy project had a residual value of $200,000 is years. Does this investment pass Playtime's payback period screening rule? The payback period is 3.5 years, so it [ Playtime's initial screening. Choose from any list or enter any number in the input fields and then continue to the next