I like where you are coming form with this, please bear with me as its been quite a few years since I studied Physics.
OK so this is really a two part question.
1/ How high does the bullet get.
After a quick search I found
This.
2/ What is it's terminal velocity coming down.
So if we assume that it gets to a mile (for ease), that's 1609 meters.
After another quick search I found an online
Calculater.
So let's throw our numbers into the equation;
Mass is 0.08 Kg
For this I used Cross section to be 0.01197 M^2
Left the drag as is in the calculater
Altitude we already have.
So from these figures we get a Terminal velocity of 13.379 m/s, lots lower than the original velocity.
Bear in mind this is a very quick and dirty calculation, but with some more time a better answer could be achieved.
Hope this helps a little.
Even with a drag of Zero Terminal velocity is only 111.94 m/s