| Cash Option ($277.2 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $277,200,000.00 |
-$102,524,330.00 |
-$11,781,000.00 |
$162,894,670.00 |
| Annuity ($600 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$9,030,600.00 |
-$3,301,652.00 |
-$383,800.50 |
$5,345,147.50 |
| 2 |
$9,482,400.00 |
-$3,468,818.00 |
-$403,002.00 |
$5,610,580.00 |
| 3 |
$9,956,400.00 |
-$3,644,198.00 |
-$423,147.00 |
$5,889,055.00 |
| 4 |
$10,454,400.00 |
-$3,828,458.00 |
-$444,312.00 |
$6,181,630.00 |
| 5 |
$10,977,000.00 |
-$4,021,820.00 |
-$466,522.50 |
$6,488,657.50 |
| 6 |
$11,526,000.00 |
-$4,224,950.00 |
-$489,855.00 |
$6,811,195.00 |
| 7 |
$12,102,000.00 |
-$4,438,070.00 |
-$514,335.00 |
$7,149,595.00 |
| 8 |
$12,707,400.00 |
-$4,662,068.00 |
-$540,064.50 |
$7,505,267.50 |
| 9 |
$13,342,800.00 |
-$4,897,166.00 |
-$567,069.00 |
$7,878,565.00 |
| 10 |
$14,010,000.00 |
-$5,144,030.00 |
-$595,425.00 |
$8,270,545.00 |
| 11 |
$14,710,200.00 |
-$5,403,104.00 |
-$625,183.50 |
$8,681,912.50 |
| 12 |
$15,445,800.00 |
-$5,675,276.00 |
-$656,446.50 |
$9,114,077.50 |
| 13 |
$16,218,000.00 |
-$5,960,990.00 |
-$689,265.00 |
$9,567,745.00 |
| 14 |
$17,029,200.00 |
-$6,261,134.00 |
-$723,741.00 |
$10,044,325.00 |
| 15 |
$17,880,600.00 |
-$6,576,152.00 |
-$759,925.50 |
$10,544,522.50 |
| 16 |
$18,774,600.00 |
-$6,906,932.00 |
-$797,920.50 |
$11,069,747.50 |
| 17 |
$19,713,000.00 |
-$7,254,140.00 |
-$837,802.50 |
$11,621,057.50 |
| 18 |
$20,698,800.00 |
-$7,618,886.00 |
-$879,699.00 |
$12,200,215.00 |
| 19 |
$21,733,800.00 |
-$8,001,836.00 |
-$923,686.50 |
$12,808,277.50 |
| 20 |
$22,820,400.00 |
-$8,403,878.00 |
-$969,867.00 |
$13,446,655.00 |
| 21 |
$23,961,600.00 |
-$8,826,122.00 |
-$1,018,368.00 |
$14,117,110.00 |
| 22 |
$25,159,800.00 |
-$9,269,456.00 |
-$1,069,291.50 |
$14,821,052.50 |
| 23 |
$26,417,400.00 |
-$9,734,768.00 |
-$1,122,739.50 |
$15,559,892.50 |
| 24 |
$27,738,600.00 |
-$10,223,612.00 |
-$1,178,890.50 |
$16,336,097.50 |
| 25 |
$29,125,200.00 |
-$10,736,654.00 |
-$1,237,821.00 |
$17,150,725.00 |
| 26 |
$30,582,000.00 |
-$11,275,670.00 |
-$1,299,735.00 |
$18,006,595.00 |
| 27 |
$32,110,800.00 |
-$11,841,326.00 |
-$1,364,709.00 |
$18,904,765.00 |
| 28 |
$33,716,400.00 |
-$12,435,398.00 |
-$1,432,947.00 |
$19,848,055.00 |
| 29 |
$35,402,400.00 |
-$13,059,218.00 |
-$1,504,602.00 |
$20,838,580.00 |
| 30 |
$37,172,400.00 |
-$13,714,118.00 |
-$1,579,827.00 |
$21,878,455.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$600,000,000.00 |
-$222,000,000.00 |
-$25,500,000.00 |
$352,500,000.00 |
|
