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6. (8 points) Adjusting for Risk Bikes-B-Rode has performed a risk assessment of independent projects. They adjust for project risk by raising the calculated IRR by 2% for low risk projects, leaving the IRR the same for moderate risk projects, and lowering the calculated IRR by 390 for high risk projects. Without capital rationing, and given their cost of capital of 10%, which projects should Bikes-B-Rode accept? why? IRR 8% 13% 12% 12% Risk Level Low Low Average High Project CostNPV $16,000 $28,000 $34,000 $42,000 $ 1,000 $4,000 $4,000 $5,000