W S12-3 (similar to) Question Help 0 Toy World Products is considering producing toy action figures and sandbox toys. The products require different specialized machines, each costing $1 milion. 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 $125,000, 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 projects payback period. First, enter the formula, then calculate the payback period. (Enler amounts in dollars, nat millions. Round your answer to two decimal places. Abbreviation used: Art. = Amount.) Full years + Amt. to complete recovery in next year 1 Projected net cash inflow in next year 1 = Payback 5 = years + i Data Table Annual Net Cash inflows Year Toy action Sandbox toy figure project project $ 428.750 $ 510,000 428,750 375,000 428,750 330,000 4 428,750 275.000 5. 428.750 40,000 3 Tota 2,143,750 $ 1,530,000 Toy World will consider making capital investments anly if the payback period of the project is less than 3.5 years and the ARR exceeds 8% Print Dono