Using the Z-score model proposed by Altman, compute the credit score for a company with the working capital to total assets ratio of 0.4, retained earnings to total assets ratio of 0.6, earnings before interest and taxes to total assets ratio of 0.2, market value of equity to book value of total liabilities ratio of 1.6, and turnover to total assets ratio of 3.6. Based on the derived z-score, estimate the probability of default for the company. Comment on both results