Trouble with cutting out text and compound shapes

Hey all,

The goal of my project is to cut out the text from the square. I have already turned my text into outlines, and I'm using the pathfinder tool (minus front) to cut out the letters. The problem I'm having is the "r" in "Murphy" is casting a shape over part of the "p" cutout and I can't figure out how to fix it. I've attached screenshots and the working file if anyone can help.

Thanks!