| Cash Option ($68.9 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $68,900,000.00 |
-$25,453,330.00 |
-$2,928,250.00 |
$40,518,420.00 |
| Annuity ($160 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$2,408,160.00 |
-$851,350.00 |
-$102,346.80 |
$1,454,463.20 |
| 2 |
$2,528,640.00 |
-$895,927.00 |
-$107,467.20 |
$1,525,245.80 |
| 3 |
$2,655,040.00 |
-$942,695.00 |
-$112,839.20 |
$1,599,505.80 |
| 4 |
$2,787,840.00 |
-$991,831.00 |
-$118,483.20 |
$1,677,525.80 |
| 5 |
$2,927,200.00 |
-$1,043,394.00 |
-$124,406.00 |
$1,759,400.00 |
| 6 |
$3,073,600.00 |
-$1,097,562.00 |
-$130,628.00 |
$1,845,410.00 |
| 7 |
$3,227,200.00 |
-$1,154,394.00 |
-$137,156.00 |
$1,935,650.00 |
| 8 |
$3,388,640.00 |
-$1,214,127.00 |
-$144,017.20 |
$2,030,495.80 |
| 9 |
$3,558,080.00 |
-$1,276,820.00 |
-$151,218.40 |
$2,130,041.60 |
| 10 |
$3,736,000.00 |
-$1,342,650.00 |
-$158,780.00 |
$2,234,570.00 |
| 11 |
$3,922,720.00 |
-$1,411,737.00 |
-$166,715.60 |
$2,344,267.40 |
| 12 |
$4,118,880.00 |
-$1,484,316.00 |
-$175,052.40 |
$2,459,511.60 |
| 13 |
$4,324,800.00 |
-$1,560,506.00 |
-$183,804.00 |
$2,580,490.00 |
| 14 |
$4,541,120.00 |
-$1,640,545.00 |
-$192,997.60 |
$2,707,577.40 |
| 15 |
$4,768,160.00 |
-$1,724,550.00 |
-$202,646.80 |
$2,840,963.20 |
| 16 |
$5,006,560.00 |
-$1,812,758.00 |
-$212,778.80 |
$2,981,023.20 |
| 17 |
$5,256,800.00 |
-$1,905,346.00 |
-$223,414.00 |
$3,128,040.00 |
| 18 |
$5,519,680.00 |
-$2,002,612.00 |
-$234,586.40 |
$3,282,481.60 |
| 19 |
$5,795,680.00 |
-$2,104,732.00 |
-$246,316.40 |
$3,444,631.60 |
| 20 |
$6,085,440.00 |
-$2,211,943.00 |
-$258,631.20 |
$3,614,865.80 |
| 21 |
$6,389,760.00 |
-$2,324,542.00 |
-$271,564.80 |
$3,793,653.20 |
| 22 |
$6,709,280.00 |
-$2,442,764.00 |
-$285,144.40 |
$3,981,371.60 |
| 23 |
$7,044,640.00 |
-$2,566,847.00 |
-$299,397.20 |
$4,178,395.80 |
| 24 |
$7,396,960.00 |
-$2,697,206.00 |
-$314,370.80 |
$4,385,383.20 |
| 25 |
$7,766,720.00 |
-$2,834,017.00 |
-$330,085.60 |
$4,602,617.40 |
| 26 |
$8,155,200.00 |
-$2,977,754.00 |
-$346,596.00 |
$4,830,850.00 |
| 27 |
$8,562,880.00 |
-$3,128,596.00 |
-$363,922.40 |
$5,070,361.60 |
| 28 |
$8,991,040.00 |
-$3,287,015.00 |
-$382,119.20 |
$5,321,905.80 |
| 29 |
$9,440,640.00 |
-$3,453,367.00 |
-$401,227.20 |
$5,586,045.80 |
| 30 |
$9,912,640.00 |
-$3,628,007.00 |
-$421,287.20 |
$5,863,345.80 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$160,000,000.00 |
-$59,200,000.00 |
-$6,800,000.00 |
$94,000,000.00 |
|
