Homework: Chapter 8 Homework Score: 0 of 1 pt P 8-38 (similar to) 14 of 14 (5 complete) HW Score: 33 33%, 467 of 14 pts Question Help Orchid Biotech Company is evaluating several different development projects for experimental drugs. Although the cash flows are difficult to forecast, the company has come up with the following estimates of the initial capital requirements and NPVs for the projects Glven a wide variety of staffing needs, the company has also estimated the number of research scientists required for each development project (all cost values are given in millions of dollars) Project Number Initial Capital Number of Research 15) Scientists 10.1 19.0 22.0 a. Suppose that Orchid has a total capital budget of 560 million. How should it prioritize these projects? The profitability index for Project is (Round to two decimal places) Enter your answer in the answer box and then click Check Answer 11 remaining 11 parts