chore(jest): Increase jest timeout to 5mins (#290)

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#### What this PR does / why we need it:

Increase jest timeout preset to 5mins from 4 mins

#### Which issue(s) will this PR fix?:

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Fixes #

#### Additional comments?:

Signed-off-by: Joel-David Wong <4586209+joeldavidw@users.noreply.github.com>

packages/jest/jest-preset.js

@@ -10,5 +10,5 @@ module.exports = {
   reporters: ['default', 'github-actions'],
   coverageReporters: ['json', 'json-summary'],
   setupFilesAfterEnv: ['jest-extended/all'],
-  testTimeout: 240000,
+  testTimeout: 300000,
 };