Cully Company needs to raise $$26$ million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The company has a target capital structure of $70$ percent common stock, $11$ percent preferred stock, and $19$ percent debt. Flotation costs for issuing new common stock are $9$ percent, for new preferred stock, $7$ percent, and for new debt, $4$ percent. What is the true initial cost figure Southern should use when evaluating its project?