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Orchid Biotech Company is evaluating several differentdevelopment projects for experimental drugs. Although the cashflows are difficult to? forecast, the company has come up with thefollowing estimates of the initial capital requirements and NPVsfor the projects. Given a wide variety of staffing? needs, thecompany has also estimated the number of research scientistsrequired for each development project? (all cost values are givenin millions of? dollars). Project Number Initial Capital? ($)Number of Research Scientists NPV? ($) I 10 2 10.1 II 15 3 19.0 III15 4 22.0 IV 20 3 25.0 V 30 12 60.2 a. Suppose that Orchid has atotal capital budget of $ 60 million. How should it prioritizethese? projects? b. Suppose that Orchid currently has 12 researchscientists and does not anticipate being able to hire more in thenear future. How should Orchid prioritize these? projects? a.Suppose that Orchid has a total capital budget of $ 60 million. Howshould it prioritize these? projects? The profitability index forProject I is nothing. ?(Round to two decimal? places.)