Orange Corp. has two divisions: Fruit and Flower. The following information for the past year is available for each division: Fruit Division Sales revenue $ 960,000 Flower Division $ 1,440,000 Cost of goods sold and operating expenses 720,000 1,080,000 Net operating income $ 240,000 $ 360,000 Average invested assets $ 2,000,000 $ 2,000,000 Orange has established a hurdle rate of 7 percent. Required: 1-a. Compute each division's return on investment (ROI) and residual income for last year. 1-b. Determine which manager seems to be performing better 2. Suppose Orange is investing in new technology that will increase each division's operating income by $130,000. The total investment required is $2,000,000, which will be split evenly between the two divisions. Calculate the ROI and residual income for each division after the investment is made. 3. Determine whether both managers will support the investment. Complete this question by entering your answers in the tabs below. Assessment Todd Req 1A Req 18 Req 2 Req 3 Compute cach division's return on inuoctm() Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 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%.)) ROI Residual Income (Loss) Fruit Division % Flower Division % each division after the investment is made. 3. Determine whether both managers will support the investment. Complete this question by entering your answers in the tabs below. es Req 1A Req 1B Req 2 Req 3 Determine which manager seems to be performing better. OFruit Division Flower Division < Req 1A Req 2 > Req 1A. Req 1B Req2 Req 3. Suppose Orange is investing in new technology that will increase each division's operating income by $130,000. The total Investment required is $2,000,000, which will be split evenly between the two divisions. Calculate the ROI and residual income 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%.)) Show less A ROI Fruit Division % Flower Division % Residual Income (Loss) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Determine whether both managers will support the investment. Fruit Division Manager Flower Division Manager