Playtime Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1 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? 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 Full years + Amt to complete recovery in next year Projected net cash inflow in next year - Payback 5 1000000 200000 5 years X Data table Year Year 1 Annual Net Cash Inflows Toy action figure Sandbox toy project project S 332,000 $ 550,000 332,000 360,000 332.000 330.000 332,000 275,000 332 000 25.000 Year 2 Year 3 Year 4 AHME 14 Year 5 5 Total 1660.000 $ 1.540,000 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%