Toy Universe Products is considering producing toy action figures 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 different patterns of predicted net cash inflows EEB (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 $125,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Toy Universe's payback period screening rule? Data Table Calculate the sandbox toy projects payback period First, enter the formula, then calculate the payback period. (Enter amounts in dollars, not millions. Round your answer to two decimal places. Full years Amt. to complete recovery in next yearProjected net cash inflow in next year Payback Annual Net Cash Inflows ars Year Sandbox toy project Toy action figure project 36,700 530,000 360,000 310,000 270,000 50,000 1,683,500 1,520,000 336,700 336,700 336,700 336,700 Total 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 896. PrintDone Enter any number in the edit fields and then click Check