2. Suppose Orange is investing in new technology that will increase each division's operating income by $144,000. The total investment required is $1,600,000, which will be split evenly between the two divisions. Calculate the ROl and return on investment for each division after the investment is made. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.)) ision Flower Division ROI Residual Income (Loss) 3. Which manager will accept the investment. Fruit Division Manager Flower Division Manager 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 Average invested assets Fruit Division Flower Division 900,000 600,000 300,000 $1,200,000 S 1,600,000 600,000 S 50,000000:000- 150,000 S Orange has established a hurdle rate of 12 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%.)) Fruit Division Flower Division ROI Residual Income (Loss) 1-b. Determine which manager seems to be performing better Fruit Division Flower Division