Question Help W S12-3 (similar to) Play Life Products is considering producing toy action figures and sandbox toys. The products required flerent specialized machines, each costing $1.1 million. Each machine has a five-year and residual value. The two products have different patterns of predicted not cash flows Cick the icon to view the data) Calculate the sandbox toy project's payback period. It the sandbox toy project had a residual value of $225.000, would the payback period change? Explain and recalculate necessary. Does this investiment pass Play Life'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 milions. Round your answer to two decimal places. Abbreviation used: Amt - Amount) Full years + Art to complete recovery in next year Projected net cash flow in next year Payback 7) years uru ravie pues hd ze Terwyor nves Year Toy action Sandbox toy figure project project 1................ $ 343,000 $ 530,000 2...... 343,000 350,000 3...... 343,000 330,000 4...... 343,000 260,000 343,000 30,000 5. .... 1,715,000 $ 1,500,000 Total Play Life will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARRI exceeds 8%