Answer the following questions quickly, showing all work accordingly on all sections. In the answers, please round to two decimal place. Thank you.

given in millions of dollars). a. Suppose that Orchid has a total capital budget of $60 million. How should it prioritize these projects? b. Suppose that Orchid currently has 12 research scientists and does not anticipate being able to hire more in the near future. How should Orchid prioritize these projects? \begin{tabular}{cccc} Project Number & Initial Capital (\$) & Number of Research Scientists & NPV (\$) \\ \hline I & 10 & 2 & 10.1 \\ II & 15 & 3 & 19.0 \\ III & 15 & 4 & 22.0 \\ IV & 20 & 3 & 25.0 \\ V & 30 & 12 & 60.2 \\ \hline \end{tabular}