The best way to do this is to hang the exhaust on the car, hold it up with a jack, keep it just to the inside of the bumperette, see where the muffler bracket hits the trunk floor and then drill a hole.
Due to a variety of different mufflers around these days, sometimes the original hole points the muffler right at the bumperette.
I just installed a new system on my Sprite, I used a 3/8 hole, large washer and welded the bolt in from inside the cave. Now I can R&R my muffler without having someone hold the bolt from inside the cave. Use an old shock bushing (from a tube shock) for the rubber insulator between the body and the muffler.