Black Gold Ltd is a Japan-based multinational company engaged in the production of thermal power. This electricity is purchased by many manufacturing companies in Japan. Black Gold started its operations in 2004. In order to cut down cost of raw material (coal), the company has also invested in coal fields in South Africa. The extract from Black Gold’s financial statements is provided. Currently, Black Gold is considering purchase of a coal mine in Indonesia. For this project, the company needs a loan of $5 billion. The project will run for 20 years. End-value of the project (scrap value) is zero
