Orange Corp. has two divisions: Fruit and Flower. The following information for the past year is available for each division: Fruit Division Flower Division Sales revenue $ 720,000 $ 1,080,000 Cost of goods sold and operating expenses 540,000 810,000 Net operating income $ 180,000 $ 270,000 Average invested assets $ 2,000,000 $ 1,350,000 Orange has established a hurdle rate of 6 percent. Required: 1-a. Compute each divisions 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%.)) 1-b. Determine which manager seems to be performing better. Flower Division Fruit Division 2. Suppose Orange is investing in new technology that will increase each divisions operating income by $122,000. The total investment required is $1,600,000, 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%.)) 3. Which manager will accept the investment.