Toy Universe 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 pattems of predicted net cash inflows. 3 Click the icon to view the data.) Calculate the sandbox toy project's ARR. If the sandbox toy project had a residual value of $150,000, would the ARR change? Explain and recalculate if necessary. Does this investment pass Toy Universe's ARR screening rule? First, enter the formula then compute the ARR of the sandbox toy project. (Enter amounts in dollars, not millions. Enter your answer as a percent rounded to two decimal places.) Accounting rale of return ng Annual Net Cash Inflows Toy action figure Sandbox toy project project Year Year 1.... $ 540,000 Year 2.... 332,000 $ 332,000 332,000 Inde Year 3.... Year 4.... 340,000 330,000 332,000 332,000 230,000 50,000 Year 5.... $ Total 1,660,000 $ 1,490,000 Toy Universe will consider making capital investments only if Year Toy action figure Sandbox toy project project Djel e if necess $ 332,000 $ 540,000 332,000 Year 1...... Year 2...... Year 3... Year 4..... 340,000 a tol 332,000 330,000 Inded to two 332.000 230,000 50,000 Year 5... 332,000 $ Total 1,660,000 $ 1,490,000 Toy Universe will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%. Managerial Accounting-Fall 2021-Cuyamaca College mina ibraheem : | 11/21/21 = Homework: Chapter 12 Homework HW Score: 57.88%, 11.58 of 20 points O Points: 0 of 1 Toy Universe 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 zer 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 ARR. If the sandbox toy project had a residual value of $150,000, would the ARR change? Explain and recalculate if necessary. Does this investment pass Toy Universe screening rule? First, enter the formula, then compute the ARR of the sandbox toy project. (Enter amounts in dollars, not millions. Enter your answer as a percent rounded to two decimal places.) Accounting