Orange Corp. has two divisions: Fruit and Flower. The following information for the past year is available for each division: Flower Division Fruit Division $1,500,000 2,250,000 1.125,0001.687500 562,500 $ 3,125,000 2,343,750 Sales revenue Cost of goods sold and operating expenses Net operating income Average invested assets 375,000 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%.)) Fruit Division Flower Division ROI Residual Income (Loss) -b. Determine which manager seems to be performing better. Fruit Division O Flower Division 2. Suppose Orange s investing in new technology that will increase each division's operating income by s $2.400,000 which 48,00 Theal investment require ill be split et een he w d e Calculate the ROI and return on investment for each division after the investment is made. (Enter your ROI answers as a percentage rounded to two decimal places, (l.e., 0.1234 should be entered as 12.34%)) Fruit Division Flower Division ROI Residual Income (Loss) 3. Which manager will accept the investment Fruit Division Manager Flower Division Manager