Orange Corp. has two divisions: Fruit and Flower. The following information for the past year is available for each division Frult Division 1560 000 1,170,000 390,000 Flower Division 2.340.000 1755,000 585,000 Sales revenue Cost of goods sold and operating expenses Net operating income 2,437 500 4.875000 Average invested assets Orange has established a hurdle rate of 6 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, (Le., 0.1234 should be entered as 12.34 % ) ) Fruit Division Flower Division ROI % Residual Income (Loss) 1-b. Determine which manager seems to be perfoeming better O Fruit Division Flower Division 2. Suppose Orange is investing in new technology that will increase each division's operating income by $125,000 The total investment required is $2,000,000, which will be split evenly between the two divisions. Calculate the ROI and return on investment for each division after the investment is mode. (Enter your ROI answers as a percentage rounded to two decimal places, (Le., 0.1234 should be eetered as 12.34 % ) Fruit Division Flower Division ROI Residual Income (Loss) 3. Which manager will accept the investment Fruit Division Manager Flower Division Manager