Archie Corporation has 10,456,271 shares of common stock outstanding with a current market price of $56.34. Archie needs to raise capital for its investment program, so it will sell 875,000 new shares of common stock (a seasoned equity offering) for $52.90 per share. Archie’s underwriter will also charge a 18% underwriting spread. What is the new, post-offer, market price of 1 share of Archie common stock?