Shinedown Company needs to raise $$80$ 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 $50$ percent common stock, $10$ percent preferred stock, and $40$ percent debt. Flotation costs for issuing new common stock are $12$ percent, for new preferred stock, $9$ percent, and for new debt, $4$ percent. What is the true initial cost figure the company should use when evaluating its project?