Why did Windows 95 run the timer at 55ms?

The story behind the 55ms timer tick rate goes all the way back to the original IBM PC BIOS. The original IBM PC used a 1.19MHz crystal, and 65536 cycles at 1.19MHz equals approximately 55ms. (More accurately, it was more like 1.19318MHz and 54.92ms.) But that just pushes the question to another level. Why 1.19...MHz, then? With that clock rat...