Shinedown Company needs to raise $$55$ 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 $65$ percent common stock, $15$ percent preferred stock, and $20$ percent debt. Flotation costs for issuing new common stock are $11$ percent, for new preferred stock, $8$ percent, and for new debt, $5$ percent. What is the true initial cost figure the company should use when evaluating its oroject? $($Do not round intermediate calculations and enter your answer in millions, rounded to the nearest whole number, e$.$g$.,1,234,567.)$