| Cash Option ($117.3 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $117,300,000.00 |
-$43,361,330.00 |
-$4,985,250.00 |
$68,953,420.00 |
| Annuity ($264 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$3,973,464.00 |
-$1,430,512.00 |
-$168,872.22 |
$2,374,079.78 |
| 2 |
$4,172,256.00 |
-$1,504,065.00 |
-$177,320.88 |
$2,490,870.12 |
| 3 |
$4,380,816.00 |
-$1,581,232.00 |
-$186,184.68 |
$2,613,399.32 |
| 4 |
$4,599,936.00 |
-$1,662,307.00 |
-$195,497.28 |
$2,742,131.72 |
| 5 |
$4,829,880.00 |
-$1,747,386.00 |
-$205,269.90 |
$2,877,224.10 |
| 6 |
$5,071,440.00 |
-$1,836,763.00 |
-$215,536.20 |
$3,019,140.80 |
| 7 |
$5,324,880.00 |
-$1,930,536.00 |
-$226,307.40 |
$3,168,036.60 |
| 8 |
$5,591,256.00 |
-$2,029,095.00 |
-$237,628.38 |
$3,324,532.62 |
| 9 |
$5,870,832.00 |
-$2,132,538.00 |
-$249,510.36 |
$3,488,783.64 |
| 10 |
$6,164,400.00 |
-$2,241,158.00 |
-$261,987.00 |
$3,661,255.00 |
| 11 |
$6,472,488.00 |
-$2,355,151.00 |
-$275,080.74 |
$3,842,256.26 |
| 12 |
$6,796,152.00 |
-$2,474,907.00 |
-$288,836.46 |
$4,032,408.54 |
| 13 |
$7,135,920.00 |
-$2,600,621.00 |
-$303,276.60 |
$4,232,022.40 |
| 14 |
$7,492,848.00 |
-$2,732,684.00 |
-$318,446.04 |
$4,441,717.96 |
| 15 |
$7,867,464.00 |
-$2,871,292.00 |
-$334,367.22 |
$4,661,804.78 |
| 16 |
$8,260,824.00 |
-$3,016,835.00 |
-$351,085.02 |
$4,892,903.98 |
| 17 |
$8,673,720.00 |
-$3,169,607.00 |
-$368,633.10 |
$5,135,479.90 |
| 18 |
$9,107,472.00 |
-$3,330,095.00 |
-$387,067.56 |
$5,390,309.44 |
| 19 |
$9,562,872.00 |
-$3,498,593.00 |
-$406,422.06 |
$5,657,856.94 |
| 20 |
$10,040,976.00 |
-$3,675,492.00 |
-$426,741.48 |
$5,938,742.52 |
| 21 |
$10,543,104.00 |
-$3,861,279.00 |
-$448,081.92 |
$6,233,743.08 |
| 22 |
$11,070,312.00 |
-$4,056,346.00 |
-$470,488.26 |
$6,543,477.74 |
| 23 |
$11,623,656.00 |
-$4,261,083.00 |
-$494,005.38 |
$6,868,567.62 |
| 24 |
$12,204,984.00 |
-$4,476,174.00 |
-$518,711.82 |
$7,210,098.18 |
| 25 |
$12,815,088.00 |
-$4,701,913.00 |
-$544,641.24 |
$7,568,533.76 |
| 26 |
$13,456,080.00 |
-$4,939,080.00 |
-$571,883.40 |
$7,945,116.60 |
| 27 |
$14,128,752.00 |
-$5,187,969.00 |
-$600,471.96 |
$8,340,311.04 |
| 28 |
$14,835,216.00 |
-$5,449,360.00 |
-$630,496.68 |
$8,755,359.32 |
| 29 |
$15,577,056.00 |
-$5,723,841.00 |
-$662,024.88 |
$9,191,190.12 |
| 30 |
$16,355,856.00 |
-$6,011,997.00 |
-$695,123.88 |
$9,648,735.12 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$264,000,000.00 |
-$97,680,000.00 |
-$11,220,000.00 |
$155,100,000.00 |
|
