Following are three independent projects Peanut/Pecan Processing (PPP) is evaluating: Project IRR Risk P 12.0 % Low Q 13.5 Average R 16.0 High PPP generally considers risk when examining projects by adjusting its average required rate of return, r, which equals 11 percent. A 4 percent adjustment is made for high-risk projects, and a 2 percent adjustment is made for low-risk projects. Which project(s) should PPP purchase? Round your answers to the nearest whole number. Project Risk-Adjusted r Acceptable? P % -Select- Q % -Select- R % -Select- Thus, -Select- should be purchased