We shall begi by determining the size of the arc that was cut out of the rectangular paperboard.

Observe that the new shape now consists of two lengths measuring 23 inches each, and one width measuring 18 inches, and the half circumerence measuring 28.26 inches.
The perimeter therefore is the addition of all sides and that is;
Perimeter = 23 + 23 + 18 + 28.26
Perimeter = 92.26 inches