OrchidOrchid

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:

LOADING...

$.$

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

OrchidOrchid

has a total capital budget of

$ $60$$$60$

million. How should it prioritize these$$ projects?

b$.$ Suppose that

OrchidOrchid

currently has

$1212$

research scientists and does not anticipate being able to hire more in the near future. How should

OrchidOrchid

prioritize these$$ projects?