Companies in aerospace industry face direct flotation costs of $5\mathrm{.}5\%$ of the amount of cash raised for new security sales. How much capital needs to be raised if initial project outlays total $$55$ million?

Multiple Choice

$$59\mathrm{.}12$ million

$$59\mathrm{.}75$ million

$$58\mathrm{.}03$ million

$$58\mathrm{.}20$ million

$$58\mathrm{.}15$ million