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. Given 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.) a. Suppose that Orchid has a total capital budget of $60 million. How should it 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 (Round to two decimal places.) Fabulous Fabricators needs to decide how to allocate space in its production facility this year. It is considering the following contracts: a. What are the profitability indexes of the projects? b. What should Fabulous Fabricators do? a. What are the profitability indexes of the projects? The profitability index for contract A is (Round to two decimal places.) Data table (Click on the following icon [ in order to copy its contents into a spreadsheet.) Ranking the projects by IRR would lead to decision because the NPV of project A is $ and the NPV of project B is $. This means that project has the higher NPV, which results in projects being selected by the NPV and IRR rules. (Round to the nearest dollar as needed.)