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Save Homework: Assignment 20 Score: 0 of 2 pts S12-2 (similar to) 3 of 6 (2 complete) HW Score: 20%, 2 of 10 pts Question

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Save Homework: Assignment 20 Score: 0 of 2 pts S12-2 (similar to) 3 of 6 (2 complete) HW Score: 20%, 2 of 10 pts Question Help Playland Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1.5 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 toy action figure project's payback period. If the toy action figure project had a residual value of $200,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Playland's payback period screening rule? Calculate the toy action figure 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.) = Payback period

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