Final answer:
The question does not provide enough information to compute the IRR for each project.
Step-by-step explanation:
The question provided does not contain enough information to compute the IRR (Internal Rate of Return) for each project. The expected net cash flows of the projects are missing. The IRR is a financial metric used to determine the profitability of an investment by calculating the discount rate that makes the net present value (NPV) of future cash flows equal to zero. The question relates to computing the internal rate of return (IRR) for two mutually exclusive investments being considered by Sharp Products Company. To calculate each project's IRR, one would typically use financial modeling or IRR calculator tools, inputting the expected net cash flows over time for each project and solving for the discount rate that sets the net present value (NPV) to zero. This IRR represents the break-even cost of capital (interest rate) for which the project's net present value is zero. In the information provided, some additional context regarding the Gizmo Company and social benefits related to investments has been given, although it is not directly applicable to Sharp Products Company's IRR calculations.