Skippers Company needs to raise $75 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 75 percent common stock, 5 percent preferred stock, and 20 percent debt. Flotation costs are 11% for issuing new common stock, 8% for new preferred stock, and 3% for new debt. What is the total cost of this project after accounting for flotation costs