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? 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 prionitize these projects? The profitability index for Project 1 is (Round to two decimal places) The profitability index for Project II is (Round to two decimal places.) The profitability index for Project ili is (Round to two decimal placesi) The profitability index for Project IV is (Round to two deoimal places) The profitability index for Project V is (Round to two decimalplacesin) Based on the profitability index how should Orchid Biotech company priforitize thes profectsi iseflect from the drop-down menus) Selected first Selected second 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? 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? \begin{tabular}{cccc} Project Number & Initial Capital Number of Research \\ (\$) & Scientists & NPV (\$) \\ \hline I & 10 & 2 & 10.1 \\ II & 15 & 3 & 19.0 \\ III & 15 & 4 & 22.0 \\ IV & 20 & 3 & 25.0 \\ V & 30 & 12 & 60.2 \\ \hline \end{tabular}