| Cash Option ($36.9 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $36,900,000.00 |
-$13,613,330.00 |
-$1,568,250.00 |
$21,718,420.00 |
| Annuity ($80 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$1,204,080.00 |
-$405,840.00 |
-$51,173.40 |
$747,066.60 |
| 2 |
$1,264,320.00 |
-$428,129.00 |
-$53,733.60 |
$782,457.40 |
| 3 |
$1,327,520.00 |
-$451,513.00 |
-$56,419.60 |
$819,587.40 |
| 4 |
$1,393,920.00 |
-$476,081.00 |
-$59,241.60 |
$858,597.40 |
| 5 |
$1,463,600.00 |
-$501,862.00 |
-$62,203.00 |
$899,535.00 |
| 6 |
$1,536,800.00 |
-$528,946.00 |
-$65,314.00 |
$942,540.00 |
| 7 |
$1,613,600.00 |
-$557,362.00 |
-$68,578.00 |
$987,660.00 |
| 8 |
$1,694,320.00 |
-$587,229.00 |
-$72,008.60 |
$1,035,082.40 |
| 9 |
$1,779,040.00 |
-$618,575.00 |
-$75,609.20 |
$1,084,855.80 |
| 10 |
$1,868,000.00 |
-$651,490.00 |
-$79,390.00 |
$1,137,120.00 |
| 11 |
$1,961,360.00 |
-$686,034.00 |
-$83,357.80 |
$1,191,968.20 |
| 12 |
$2,059,440.00 |
-$722,323.00 |
-$87,526.20 |
$1,249,590.80 |
| 13 |
$2,162,400.00 |
-$760,418.00 |
-$91,902.00 |
$1,310,080.00 |
| 14 |
$2,270,560.00 |
-$800,438.00 |
-$96,498.80 |
$1,373,623.20 |
| 15 |
$2,384,080.00 |
-$842,440.00 |
-$101,323.40 |
$1,440,316.60 |
| 16 |
$2,503,280.00 |
-$886,544.00 |
-$106,389.40 |
$1,510,346.60 |
| 17 |
$2,628,400.00 |
-$932,838.00 |
-$111,707.00 |
$1,583,855.00 |
| 18 |
$2,759,840.00 |
-$981,471.00 |
-$117,293.20 |
$1,661,075.80 |
| 19 |
$2,897,840.00 |
-$1,032,531.00 |
-$123,158.20 |
$1,742,150.80 |
| 20 |
$3,042,720.00 |
-$1,086,137.00 |
-$129,315.60 |
$1,827,267.40 |
| 21 |
$3,194,880.00 |
-$1,142,436.00 |
-$135,782.40 |
$1,916,661.60 |
| 22 |
$3,354,640.00 |
-$1,201,547.00 |
-$142,572.20 |
$2,010,520.80 |
| 23 |
$3,522,320.00 |
-$1,263,589.00 |
-$149,698.60 |
$2,109,032.40 |
| 24 |
$3,698,480.00 |
-$1,328,768.00 |
-$157,185.40 |
$2,212,526.60 |
| 25 |
$3,883,360.00 |
-$1,397,174.00 |
-$165,042.80 |
$2,321,143.20 |
| 26 |
$4,077,600.00 |
-$1,469,042.00 |
-$173,298.00 |
$2,435,260.00 |
| 27 |
$4,281,440.00 |
-$1,544,463.00 |
-$181,961.20 |
$2,555,015.80 |
| 28 |
$4,495,520.00 |
-$1,623,673.00 |
-$191,059.60 |
$2,680,787.40 |
| 29 |
$4,720,320.00 |
-$1,706,849.00 |
-$200,613.60 |
$2,812,857.40 |
| 30 |
$4,956,320.00 |
-$1,794,169.00 |
-$210,643.60 |
$2,951,507.40 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$80,000,000.00 |
-$29,600,000.00 |
-$3,400,000.00 |
$47,000,000.00 |
|
