Toy Time Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, cach costing $1.1 milion. Each machine has a five-year life and zero residual value. The two products have different patterns of predicted net cash infows. Cok the icon to view the data) Calculate the toy action figure projects ARR. W the toy action figure project had a residual value of $225,000, would the ARR change? Explain and recalculate if necessary. Does this investment pass Toy Time's ARR screening rule? First, enter the formula, then compute the ARR of the toy action figure project(Enter amounts in dollars, not milions. Enter your answer as a percent rounded to two decimal places) Accounting rate of rebum project 510,000 350.000 at figure project 336,700 $ 336,700 336,700 336,700 336,700 330,000 260,000 25,000 5. 1,683,500 $ 1,475,000 Total 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% If the toy action figure project had a residual value of $225,000, would the ARR change? I the toy action figure project had a $225,000 residual value, the ARR chando The residual value would cause the yearly to which will cause the average annual operating income from the investment to Compute the ARR of the toy action figure project with a residual value of $225,000. (Enter your answer as a percent rounded to two decimal places.) The ARR of the toy action figure project with a residual value of $225,000 is Does this investment pass Toy Time's ARR screening rule? The ARR. exceeds Toy Time's minimum required ARR. Therefore, the toy action figure project passes the company's screening rule