How much does each option cost (total amount over the total time period) I want to compare the values of each listed? However, Goldman Sachs, who had been working with Disney on this matter, proposed a rather unusual solution. Goldman suggested that option 1: Disney issue ten-year ECU Eurobonds that would be swapped into a yen liability at a potentially more attractive all-in yen cost than a yen term loan. option 2: Specifically, Goldman was prepared to underwrite ECU80 million ten-year Eurobonds at 100.25% of par, with a coupon of 9 1/8%, and underwriting fees of 2%. Additional expenses to be paid by Disney were capped at $75,000. The ECU Eurobonds would have an annual sinking fund payment of ECU16 million beginning in the sixth year and continuing until maturity. Cash Flows of 10-Year ECU Eurobond with Sinking Fund (millions) Par: ECU 80 million Price: 100.250% Coupon: 9.125% Fees: 2.000% Expenses: $75,000 Dollar/ECU: 0.7420 Year Cash Flows (million ECU) 0 78.499 1 (7.300) 2 (7.300) 3 (7.300) 4 (7.300) 5 (7.300) 6 (23.300) 7 (21.840) 8 (20.380) 9 (18.920) 10 (17.460)