Toy World Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each coating $1.2 molbon. Each machine has a five-year life and zero residual 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 payback period. If the sandbox toy project had a residual value of $200,000, would the payback period change? Explain and recalculate if necessary. Does this investment pass Toy World's payback period screening rule? Calculate the sandbox toy project's payback period. First, enter the formula, then calculate the payback period. (Enter amounts in dollars, not milions, Round your answer to two decimal places, Abbreviation used: Ant = Amount.) ) - Payback . Data table Annual Net Cash Inflows Toy action figure Sandbox toy project project Year Year 1 $ 305,450 $ 525,000 ... Year 2 305,450 370,000 Year 3 305,450 320,000 . Year 4 305,450 305,450 270,000 40,000 Year 5 ....... $ 1,527,250 $ Total 1,525,000 Toy World will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%. Print Done