Toy Universe Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1.3 million. Each machine has a five-year life and zero residual value. The two products have different patterns of predicted net cash inflows: 33 (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 $100,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Toy Universe's payback period screening rule? A Data Table - X 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 Annual Net Cash Inflows Year Toy action Sandbox toy figure project project 1...... .......... $ 317,750 $ 530,000 2....... 317,750 390,000 3........ 317,750 330,000 317,750 275,000 317,750 50,000 4.... 5. .... Total 1,588,750 $ 1,575,000 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%