In Fig. $8-38$, the string is $L=120 \mathrm{~cm}$ long, has a ball attached to one end, and is fixed at its other end. A fixed peg is at point $P$. Released from rest, the ball swings down until the string catches on the peg; then the ball swings up, around the peg. If the ball is to swing completely around the peg, what value must distance $d$ exceed? (Hint: The ball must still be moving at the top of its swing. Do you see why?)