$9.$ The all$-$equity firm invests $$90$ today in a machine which will be depreciated down to $$0$ over three years of the project$$s life.$$ Hurdle is $10\%$ and tax rate is $0\%.$ Annual business plan detail follows.$$ What is the project$$s IRR?

Revenues

$$180$

$-$Operating Expenses

$150$

EBIT

$30$

Interest

$0$

EBT

$30$

Tax

$0$

Net Income

$$$ $30$

$$

$$