Attempts 2 5. Practice Problem 10-5 Keep the Highest 2/7 eBook Following are three independent projects Peanut/Pecan Processing (PPP) is evaluating: Project P IRR Risk 11.5% Q R 13.5 15.0 Low Average High PPP generally considers risk when examining projects by adjusting its average required rate of return, r, which equals 13 percent. A 4 percent adjustment is made for high-risk projects, and a 3 percent adjustment is made for low-risk projects. Which project(s) should PPP purchase? Round your answers to the nearest whole number. Project P Risk-Adjusted r Acceptable? % -Select- Q R % -Select- % -Select- A Thus, -Select- should be purchased.