S12-3 (similar to) Question Help Toyland 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: EEB 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 $225,000, 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 a ounts in dollars, not millions. Round your answer to two decimal places. Abbreviation used: Amt. = Amount. Full years Amt. to complete recovery in next year 100000 Projected net cash inflow in next year + ( , Payback 332000 Data Table Annual Net Cash Inflows Year Toy action figure project Sandbox toy project 332,000 $ 500,000 340.000 300,000 230,000 40.000 S1,660,000 1,410,000 332,000 332,000 332,000 332,000 Total Toyland will consider making capital investments only if the payback period of the project is less than 3.5 years and the Enter any number in the edit fields and then click Check Answer ARR exceeds 8%