rchid Biotech Company is evaluating several different development projects for experimental drugs. Although the ash flows are difficult to forecast, the company has come up with the following estimates of the initial capital equirements 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? The profitability index for Project I is (Round to tw decimal places.) rchid Biotech Company is evaluating several different development projects for experimental drugs. Although the ash flows are difficult to forecast, the company has come up with the following estimates of the initial capital equirements 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? The profitability index for Project I is (Round to tw decimal places.)