Toy Universe Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1 milion Each machine has a five-year lite and zero residual value. The two products have different patterns of predicted net cash inflows (Click the icon to view the data) Calculate the toy action figure project's payback period if the toy action figure project had a residual value of $225,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Toy Universe's payback period screening rule? Calculate the toy action figure 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) Payback period Data Table X Year 1 Annual Ner Cash inflows Toy action Sandbox toy figure project project $ 332,000 $ 500.000 332,000 375.000 332,000 310,000 332,000 275,000 332.000 50,000 1,000,000 $ 1,510.000 2 3 4 5 Total Choose from any drop-down list and then click Check Answer. Toy Universe will consider making capital investments only if the payback period of the project is less than 35 years and the ARR exceeds 8% Clear All