The following is partial information for Charleston Company's most recent year of operation. It manufactures lawn mowers and categorizes its operations into two divisions: Bermuda and Midiron. Bermuda Division Midiron Division Sales revenue Average invested assets Net Operating income Profit margin ? $ 600,000 S 160,000 150,000 0.16 $ 2,500,000 20% Return on investment Residual income S 40,000 $(30,000) Required 1. Without making any calculations, determine whether each division's return on investment is above or below Charleston's hurdle rate. The Bermuda Division's return on investment is Charleston's hurdle rate The Midiron Division's return on investment is Charleston's hurdle rate