10.00 points Orange Corp. has two divisions: Fruit and Flower. The following information for the past year is available for each division: Sales revenue Cost of goods sold and operating expenses Net operating income Awerage invested assets Fruit Division Flower Division 5 1330,000 S 2.070,000 1,552,500 517,500 1,035,000 345,000 S Orange has established a hurdle rate of 8 percent. Required: 1-a. Compute each division's return on investment (ROI) and residual income for last year (Enter your ROI answers as a percentage rounded to two decimal places. (i.e., 0.1234 should be entered as 12.34%-)) ROI Residual Income (Loss) 1-b. Determine which manager seems to be performing better. O Fruit Division O Flower Division 2. Suppose Orange Is Investing In new technology that wll Iincrease eacn divislon's operating Income by $144,000. The total Investment required Is $2,200,000, whicn will be spit evenly between the two dlivislons Calculate the ROI and return on Investment for each dlvislon after the Investment is made. (Enter your ROl answers as a percentage rounded to two decimal places, ie., 0.1234 should be entered as 12.34%-)) ROI Residual Income (Loss) 3. Which manager will accept the Investment. Fruit Division Manager Flower Division Manager