Question Help Toyland 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 $125,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Toyland'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 millons. Round your answer to two decimal places. Abbreviation used: Amt. = Amount) Full years Amt to complete recovery in next year Projected niet cash inflow in next year - Payback ) years Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Check Answer al value. The two products have different patterns of predicted net cash infloy 1 Data Table pe nt - ay! Year Annual Net Cash Inflows Toy action figure Sandbox toy project project $ .332,000 $ 510,000 Year 1.... eca 332,000 390,000 Year 2....... Year 3..... 332,000 310,000 Year 4..... 332,000 275,000 40,000 Year 5..... 332,000 $ 1,660,000 $ Total 1,525,000 Toyland 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 then click Check