Suppose that the inputs to the KMV model for General Electric $($GE$)$ are as follows: Equity volatility $($ e$)=0\mathrm{.}22$ per year, N$($d$1)=0\mathrm{.}88$

Market value of Equity $($E$)=260$ billion, Market value of Assets $($Va$)=360$ billion

Short$-$term liabilities $=50$ billion Long$-$term liabilities $=50$ billion

Determine distance$-$to$-$default $($DD$)$ for GE using the KMV approach.