ABC Ltd. has banked with Bank of Australia for more than 10 years. ABC Ltd. would like to apply for a $ 10 million loan from the Bank of Australia and provides the following balance sheet report to the bank.

Balance Sheets
As at end of Year		2019
		$ million
Current Assets
	Cash	50
	Debtors	150
	Stock	240
Current Liabilities
	Creditors	120
	Hire Purchase	50
	Bank Overdraft	160
	Directors' Loans	14
	Current Tax	1
Net Current Assets		95
Fixed Assets
	Freehold Building	120
	Plant & Machinery	150
Long Term Liabilities
	Mortgage Loan	50
	Deferred Taxation	5
	Corporate Bonds	60
Net Long Assets		155
Net Assets		250
Financed by:
	Issued Share Capital	100
	Profit and Loss Account	150
	Total Capital	250
Profit & Loss Account Summary
	Sales	1300
	Cost of Goods Sold	1050
	including Credit Purchases	800
	EBIT	74
	Interest	10
	Net Profit before Tax	60

Under the KMV model, whats the default point of this borrower?