Suppose a stock price can go up by $15\%$ or down by $13\%$ over the next year. You own a one$-$year put on the stock. The interest rate is $10\%,$ and the current stock price is $$60.$

What is the break even exercise price?

Note: Use cells A$8$ to B$11$ from the given information to complete this question. You should use the hardcoded number $"1"$ in your formula in cell B$17.$ No other hardcoded numbers may be used. Round "Probability of rise in stock price" answer to $3$ decimal places and "Breakeven exercise price" to $2$ decimal places.