| Cash Option ($212.4 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $212,400,000.00 |
-$78,548,330.00 |
-$9,027,000.00 |
$124,824,670.00 |
| Annuity ($458 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$6,893,358.00 |
-$2,510,873.00 |
-$292,967.72 |
$4,089,517.29 |
| 2 |
$7,238,232.00 |
-$2,638,476.00 |
-$307,624.86 |
$4,292,131.14 |
| 3 |
$7,600,052.00 |
-$2,772,350.00 |
-$323,002.21 |
$4,504,699.79 |
| 4 |
$7,980,192.00 |
-$2,913,001.00 |
-$339,158.16 |
$4,728,032.84 |
| 5 |
$8,379,110.00 |
-$3,060,601.00 |
-$356,112.18 |
$4,962,396.83 |
| 6 |
$8,798,180.00 |
-$3,215,657.00 |
-$373,922.65 |
$5,208,600.35 |
| 7 |
$9,237,860.00 |
-$3,378,339.00 |
-$392,609.05 |
$5,466,911.95 |
| 8 |
$9,699,982.00 |
-$3,549,324.00 |
-$412,249.24 |
$5,738,408.77 |
| 9 |
$10,185,004.00 |
-$3,728,782.00 |
-$432,862.67 |
$6,023,359.33 |
| 10 |
$10,694,300.00 |
-$3,917,221.00 |
-$454,507.75 |
$6,322,571.25 |
| 11 |
$11,228,786.00 |
-$4,114,981.00 |
-$477,223.41 |
$6,636,581.60 |
| 12 |
$11,790,294.00 |
-$4,322,739.00 |
-$501,087.50 |
$6,966,467.51 |
| 13 |
$12,379,740.00 |
-$4,540,834.00 |
-$526,138.95 |
$7,312,767.05 |
| 14 |
$12,998,956.00 |
-$4,769,944.00 |
-$552,455.63 |
$7,676,556.37 |
| 15 |
$13,648,858.00 |
-$5,010,408.00 |
-$580,076.47 |
$8,058,373.54 |
| 16 |
$14,331,278.00 |
-$5,262,903.00 |
-$609,079.32 |
$8,459,295.69 |
| 17 |
$15,047,590.00 |
-$5,527,939.00 |
-$639,522.58 |
$8,880,128.43 |
| 18 |
$15,800,084.00 |
-$5,806,361.00 |
-$671,503.57 |
$9,322,219.43 |
| 19 |
$16,590,134.00 |
-$6,098,680.00 |
-$705,080.70 |
$9,786,373.31 |
| 20 |
$17,419,572.00 |
-$6,405,572.00 |
-$740,331.81 |
$10,273,668.19 |
| 21 |
$18,290,688.00 |
-$6,727,885.00 |
-$777,354.24 |
$10,785,448.76 |
| 22 |
$19,205,314.00 |
-$7,066,297.00 |
-$816,225.85 |
$11,322,791.16 |
| 23 |
$20,165,282.00 |
-$7,421,485.00 |
-$857,024.49 |
$11,886,772.52 |
| 24 |
$21,173,798.00 |
-$7,794,636.00 |
-$899,886.42 |
$12,479,275.59 |
| 25 |
$22,232,236.00 |
-$8,186,258.00 |
-$944,870.03 |
$13,101,107.97 |
| 26 |
$23,344,260.00 |
-$8,597,707.00 |
-$992,131.05 |
$13,754,421.95 |
| 27 |
$24,511,244.00 |
-$9,029,491.00 |
-$1,041,727.87 |
$14,440,025.13 |
| 28 |
$25,736,852.00 |
-$9,482,966.00 |
-$1,093,816.21 |
$15,160,069.79 |
| 29 |
$27,023,832.00 |
-$9,959,148.00 |
-$1,148,512.86 |
$15,916,171.14 |
| 30 |
$28,374,932.00 |
-$10,459,055.00 |
-$1,205,934.61 |
$16,709,942.39 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$458,000,000.00 |
-$169,460,000.00 |
-$19,465,000.00 |
$269,075,000.00 |
|
