Basic Energy plans to take a $$200$ million $270-$day maturity commercial paper at discounted interest rate of $12\%.$ Since there is an allowance already in the amount of $$200$ million, Basic Energy does not need to increase the issue size because of the discounting arrangement. However, in doing so it would incur approximately $$500,000$ in dealer placement fees and other expenses of issuing the commercial paper. What is the amount of usable funds for Basic Energy from the issuance of this paper? Assume a $360$ day year.