XYZ share price is currently $50. You are considering two possible investment strategies to profit from a predicted fall in XYZ share price: (i) short sell 50 shares at the spot price, or (ii) enter a long put option (quoted at $1.25) which allows you to sell 100 shares at a strike price of $40.

Calculate the share price at which the two strategies generate the same net profit.

Give your answer to two decimal places and do not include the dollar sign ($).