Toy Time 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 $150,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Toy Time'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 millions. Round your answer to two decimal places. Abbreviation used: Amt. = Amount.) Full years + Amt. to complete recovery in next year Projected not cash inflow in next year ) = Payback + ])= years + Toy Time Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1 million. Each machine has a five-year life and zero residual value. The two products have different patterns of predicted net cash inflows: (Click the icon to view the data.) Calculate the sandbox toy project's payback period. If the sandbox toy project ha - X screening rule? Jiculate if necessary. Does this investment pass Toy Time's payback period Data Table - Calculate the sandbox toy project's payback period. First, enter the formula, then calculate the payback period. (Enter amounts in doll = Amount. Year Full years + Amt. to complete recovery in next year + Projed Year 1 + + Annual Net Cash Inflows Toy action figure Sandbox toy project project .........$ 336.700 $ 510,000 336.700 390,000 336.700 330,000 336.700 280,000 336,700 25,000 Year 2 Year 3 ..... Year 4 Year 5 Total 1,683,500 $ 1,535,000 Toy Time 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