Toyland Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1 million. Each machine has a five-year life and zero residual value. The two products have different patterns of predicted net cash inflows: Ell (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 $200,000, wauld the payback period changeExplain and recalculate if necessary Does this investment pass Toyland's payback period screening rule? Data Table Calculate the toy action figure projects payback period First enter the formula, then calculate the payback period. (Enter amounts in dollars, not millions. Round your answer to Annual Net Cash Inflows Initial investment Expected annual net cash inflow Payback period 1,000,000 Year Toy action Sandbox toy years figure project proje 305,450 $ 500,000 370,000 300,000 230,000 30,000 1,527,250 $ 1,430,000 305,450 305,450 305,450 305,450 Total Enter any number in the edit fields and then click Check Answer. 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%. parts Clear All PrintDone