Following are three independent projects Peanut/Pecan Processing (PPP) is evaluating:

Project	IRR	Risk
P	9.0	%	Low
Q	12.0		Average
R	14.5		High

PPP generally considers risk when examining projects by adjusting its average required rate of return, r, which equals 13 percent. A 5 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	Risk-Adjusted r	Acceptable?
P	%	-Select-YesNoItem 2
Q	%	-Select-YesNoItem 4
R	%	-Select-YesNoItem 6

Thus, -Select-Project PProject QProject RProjects P and QProjects P and RProjects Q and Rall projectsnone of projectsItem 7 should be purchased.