Year Annual Net Cash Inflows Toy action figure Sandbox toy project project ... $ 317,750 $ 510,000 Year 1 Year 2 317,750 360,000 325,000 Year 3 317,750 Year 4 317,750 317,750 275,000 40,000 Year 5 $ 1,588,750 $ Total 1,510,000 Play Life will consider making capital investments only if the payback period of the project is less than 3.5 years and the ARR exceeds 8%. Play Lio Products la considering producing toy action figures and sandbox toys. The products require different specialized machines, each conting 31.9 million. Eac macilen has a five your life and zero residual value. The two products have different patterns of predicted net cash flow Click the icon to view the data) Calculate the sandbox toy projects payback period. If the sandbox toy project had a residual value of 5125,000, would the payback perot change? Explain and recalculate necessary. Does this investment pass Play Life's payback period screening rule? First, enter the formula, then calculate the payback period (Enter amounts in dotars, not millions. Round your answer to two decimal pieces. Arvation und Ame> Amount) Payback the of the sandbox toy project had a resident value of $125,000, would the payback period change? Explain and recalculate trecetary if the investment had a 5125,000 residual value the payback period affected. The cash inflow from any residual value would occur useful operating life and V taken into account when calolating the payback period (Round your wer to two decimal places) The payback period the sandbox toy project had a residus value of $125,000 in years Does this investment pass Play Life's payback period screening rule