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Techno Corporation is evaluating several development projects for new sensational apps. The company has come up with the following estimates of the initial capital requirements

Techno Corporation is evaluating several development projects for new sensational apps. The company has come up with the following estimates of the initial capital requirements and NPVs for the projects. Since the projects are of large scale and have varying requirements, Techno Corporation has also estimated the number of software developers required for each app (all cost values are given in millions of dollars).

Project Initial Capital Number of Researchers NPV
A 23 2 15.5
B 12 4 18.0
C 17

5

24.3
D 21 7 27.2
E 33 14 58.2

Assuming that Techno Corporation has a total capital budget of $60 million. How should it prioritize the apps?

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