Shinedown Company needs to raise $$65$ 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 $55$ percent common stock, $10$ percent preferred stock, and $35$ percent debt. Flotation costs for issuing new common stock are $11$ percent, for new preferred stock, $8$ percent, and for new debt, $4$ percent. What is the true initial cost figure the company should use when evaluating its project?