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Toy Time Products is considering producing toy action Sgures and sandbox toys. The products require different specialized machines, each costing $1.1 million. Each machine has

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Toy Time Products is considering producing toy action Sgures 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 diflerent patterns of predicted net cash inflows: (Click the icon to view the data.) Calculate the sandbox loy projecrs 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? Ceickate the sandbox toy projecrs payback period First, enter the formula, then calculate the payback period. (Enter amounts in doilars, not millions. Round your answor to two decimal places, Abbreviation used: Amt. = Toy Time Products is considering producing toy action figures and sandbox toys. The products require different specialized mac machine has a five-year life and zero residual value. The two products have different patterns of predicted net cash inflows

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