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 00,000 450,000 900,000 800,000 00,000 1,200,000 1,600,000 50,000 Orange has established a hurdle rate of 12 percent Required 1-a. Compute each division's return on investment (ROl) and residual income for last year (Enter your ROl answers as a percentage rounded to two decimal places, [i.e., 0.1234 should be entered as 12.34% 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 $1600.000 which will be split evenly betwee the two divisions Calculate the ROI and return on investment for each division after the investment is made (Enter your ROl answers as a percentage rounded to two decimal places,(i.e 0 1234 should be entered as 12.34%.)) Residual Income (Loss) i The total investment required is $1.600,000, which will be split evenly between 2. Suppose Orange is investing in new technology that will ncrease each division's operating income by $ the two decimal places, (L.. after the investment is made. (Enter your ROI answers as a percentage rounded to two 0.1234 should be entered as 12.34% )) ROI Residual Income (Loss) 3. Which manager will accept the investment Fruit Division Manager Flower Division Manager