Orchid Biotech Company is evaluating several different development projects for experimental drugs. Although the cash flows are difficult to forecast, the company has come with the following estimates of the initial capital requirements and NPVs for the projects: . Given a wide variety of staffing needs, the company has also estimated the num of research scientists required for each development project (all cost values are 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? a. Suppose that Orchid has a total capital budget of $60 million. How should it prioritize these projects? The profitability index for Project I is The profitability index for Project II is The profitability index for Project III is The profitability index for Project IV is The profitability index for Project V is The profitability index for Project V is Based on the profitability index, how should Orchid prioritize these projects? (Select from the drop-down menus.) Selected first Selected second (Round to two decimal places.) (Round to two decimal places.) (Round to two decimal places.) (Round to two decimal places.) (Round to two decimal places.) 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? The NPV/headcount ratio for Project I is The NPV/headcount ratio for Project II is The NPV/headcount ratio for Project III is The NPV/headcount ratio for Project IV is The NPV/headcount ratio for Project V is Based on the NPV/headcount ratio, how should Orchid prioritize these projects? (Select from the drop-down menus.) Selected first Selected second Selected third Selected fourth : (Round to one decimal place.) (Round to one decimal place.) (Round to one decimal place.) (Round to one decimal place.) (Round to one decimal place.) (Round to one decimal place.)