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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

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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). NPV (s) 10.1 19.0 22.0 25.0 60.2 Initial Capital Number of Research t Number 10 15 15 20 30 a. Suppose that Orchid has a total capital budget of $60 mllion. How should it prioritize these projects? b. Suppose that Orchid currently has 12 research sclentists and dces not anticipate being able to hee in the near future. How should Orchld prioritize these projects

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