Toy Time Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1.3 million. Each machine has a five-year life and zero residual value. The two products have different pattens of predicted net cash inflows: EEl (Click the ioon to view the data.) Calculate the toy actian figure projec'a payback period. If the toy actian figure project had a residual value of $100,000, would the payback period change? Explan and recalculate if necessary. Does this investment pass Toy Time's payback pericd screening rule? Calculate the toy action figure projects payback period. First enter the formula, then calculate the payback period. Enter amounts in dollars, not millions. Round your answer to two decimal places.) Initial investment Expected annual net cash inflow Payback 4.24 years 1,300,000 308,650 If the toy action figure project had a residual value of $100,000, would the payback periad change? Explain and recalculate if necessary. If the investment had a S100,000 residual value, the payback period would not be affected. The cash infiow from any residual value would ocour at the end of the asset's useful operating life and is not taken into acoount when calculating the payback period. Round your answer to two decimal places.) The payback period if the toy action figure project had a residual value of $100,000 is