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Viable Enterprises, Inc. is seeking to float a new bond to pay for an expansion of the firm into the Midwest. However, some directors fear

Viable Enterprises, Inc. is seeking to float a new bond to pay for an expansion of the firm into the Midwest. However, some directors fear that the increase in bankruptcy risk might be greater than any benefits from Viable expanding into new markets. You have been tasked by the CFO with estimating current bankruptcy risks, and you have decided to start by calculating some simple default models. Shares outstanding for Viable are 0.48 million, and market price per share is $14.83. Using the table below, what is the Altman Z-Score (show 2 decimal places)?
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