Toyland 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: (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 f necessary. Does this investment pass Toyland'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 millions. Round your answer to two decimal places. Abbreviation used: Amt. Amount.) Amt. to complete recovery in next year 1100000 Full years +( 2 +( Projected net cash inflow in next year Payback years Data table Annual Net Cash Inflows Toy action figure Sandbox toy Year project project Year 1 $ 327,000 $ 500,000 Year 2 327,000 375,000 Year 3 327,000 330,000 Year 4 327,000 230,000 327,000 40,000 Year 5 $ 1,635,000 $ 1,475,000 Total Toyland 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 - X