| Cash Option ($162.1 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $162,100,000.00 |
-$59,937,330.00 |
-$6,889,250.00 |
$95,273,420.00 |
| Annuity ($403 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$6,065,553.00 |
-$2,204,585.00 |
-$257,786.00 |
$3,603,182.00 |
| 2 |
$6,369,012.00 |
-$2,316,865.00 |
-$270,683.01 |
$3,781,463.99 |
| 3 |
$6,687,382.00 |
-$2,434,662.00 |
-$284,213.74 |
$3,968,506.27 |
| 4 |
$7,021,872.00 |
-$2,558,423.00 |
-$298,429.56 |
$4,165,019.44 |
| 5 |
$7,372,885.00 |
-$2,688,298.00 |
-$313,347.61 |
$4,371,239.39 |
| 6 |
$7,741,630.00 |
-$2,824,733.00 |
-$329,019.28 |
$4,587,877.73 |
| 7 |
$8,128,510.00 |
-$2,967,879.00 |
-$345,461.68 |
$4,815,169.33 |
| 8 |
$8,535,137.00 |
-$3,118,331.00 |
-$362,743.32 |
$5,054,062.68 |
| 9 |
$8,961,914.00 |
-$3,276,239.00 |
-$380,881.35 |
$5,304,793.66 |
| 10 |
$9,410,050.00 |
-$3,442,049.00 |
-$399,927.13 |
$5,568,073.88 |
| 11 |
$9,880,351.00 |
-$3,616,060.00 |
-$419,914.92 |
$5,844,376.08 |
| 12 |
$10,374,429.00 |
-$3,798,869.00 |
-$440,913.23 |
$6,134,646.77 |
| 13 |
$10,893,090.00 |
-$3,990,774.00 |
-$462,956.33 |
$6,439,359.68 |
| 14 |
$11,437,946.00 |
-$4,192,370.00 |
-$486,112.71 |
$6,759,463.30 |
| 15 |
$12,009,803.00 |
-$4,403,957.00 |
-$510,416.63 |
$7,095,429.37 |
| 16 |
$12,610,273.00 |
-$4,626,131.00 |
-$535,936.60 |
$7,448,205.40 |
| 17 |
$13,240,565.00 |
-$4,859,339.00 |
-$562,724.01 |
$7,818,501.99 |
| 18 |
$13,902,694.00 |
-$5,104,327.00 |
-$590,864.50 |
$8,207,502.51 |
| 19 |
$14,597,869.00 |
-$5,361,542.00 |
-$620,409.43 |
$8,615,917.57 |
| 20 |
$15,327,702.00 |
-$5,631,580.00 |
-$651,427.34 |
$9,044,694.67 |
| 21 |
$16,094,208.00 |
-$5,915,187.00 |
-$684,003.84 |
$9,495,017.16 |
| 22 |
$16,898,999.00 |
-$6,212,960.00 |
-$718,207.46 |
$9,967,831.54 |
| 23 |
$17,743,687.00 |
-$6,525,495.00 |
-$754,106.70 |
$10,464,085.30 |
| 24 |
$18,631,093.00 |
-$6,853,835.00 |
-$791,821.45 |
$10,985,436.55 |
| 25 |
$19,562,426.00 |
-$7,198,428.00 |
-$831,403.11 |
$11,532,594.90 |
| 26 |
$20,540,910.00 |
-$7,560,467.00 |
-$872,988.68 |
$12,107,454.33 |
| 27 |
$21,567,754.00 |
-$7,940,399.00 |
-$916,629.55 |
$12,710,725.46 |
| 28 |
$22,646,182.00 |
-$8,339,418.00 |
-$962,462.74 |
$13,344,301.27 |
| 29 |
$23,778,612.00 |
-$8,758,417.00 |
-$1,010,591.01 |
$14,009,603.99 |
| 30 |
$24,967,462.00 |
-$9,198,291.00 |
-$1,061,117.14 |
$14,708,053.87 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$403,000,000.00 |
-$149,110,000.00 |
-$17,127,500.00 |
$236,762,500.00 |
|
