$(3$ points$)$ Consider a small FI for which working capital is $$170,000,$ total assets are $670,000,$

earnings before interest and taxes $($EBIT$)$ is $60,000,$ sales are $2,200,000,$ the market value of

equity is $380,000,$ total liabilities is $240,000,$ and retained earnings is $300,000.$ According to

Altman's credit scoring model, what is the Z$-$score for this bank, and under which default risk

classification falls?

A$.$ A high default risk firm.

B$.$ An indeterminant default risk firm.

C$.$ A low default risk firm.

D$.$ A medium default risk firm.

E$.$ Either B or D$.$