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 Orchidhas a total capital budget of $$60$ million. How should it prioritize these projects?

b$.$ Suppose that Orchidcurrently has $12$research scientists and does not anticipate being able to hire more in the

near future. How should Orchidprioritize 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.$)$

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$