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 1,380,000 1,035,000 345,000 2,875,000 Flower Division $ 2,070,000 1,552,500 $ 517,500 $ 2,070,000 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) 1-b. Determine which manager seems to be performing better. Fruit Division Flower Division 2. Suppose Orange is investing in new technology that will increase each division's operating income by $144,000. The total investment required is $2,200,000, which will be split evenly between the two divisions. 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, (i.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