Barrington Fertilizers, Inc., exports its specialized lawn care products to Canada. It made a sale worth C$1,150,000, with the payment due in 90 days. Its banker gave it a forward quote of $1.0177/C$. By using the forward rate, the firm gained an additional $8,433.25 over what it would have gotten if it had sold the Canadian dollars in the spot market 90 days later. What was the spot rate at the time the payment was received?