| Cash Option ($153.8 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $153,800,000.00 |
-$56,866,330.00 |
-$6,536,500.00 |
$90,397,170.00 |
| Annuity ($346 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$5,207,646.00 |
-$1,887,159.00 |
-$221,324.96 |
$3,099,162.05 |
| 2 |
$5,468,184.00 |
-$1,983,558.00 |
-$232,397.82 |
$3,252,228.18 |
| 3 |
$5,741,524.00 |
-$2,084,694.00 |
-$244,014.77 |
$3,412,815.23 |
| 4 |
$6,028,704.00 |
-$2,190,951.00 |
-$256,219.92 |
$3,581,533.08 |
| 5 |
$6,330,070.00 |
-$2,302,456.00 |
-$269,027.98 |
$3,758,586.03 |
| 6 |
$6,646,660.00 |
-$2,419,595.00 |
-$282,483.05 |
$3,944,581.95 |
| 7 |
$6,978,820.00 |
-$2,542,494.00 |
-$296,599.85 |
$4,139,726.15 |
| 8 |
$7,327,934.00 |
-$2,671,666.00 |
-$311,437.20 |
$4,344,830.81 |
| 9 |
$7,694,348.00 |
-$2,807,239.00 |
-$327,009.79 |
$4,560,099.21 |
| 10 |
$8,079,100.00 |
-$2,949,597.00 |
-$343,361.75 |
$4,786,141.25 |
| 11 |
$8,482,882.00 |
-$3,098,997.00 |
-$360,522.49 |
$5,023,362.52 |
| 12 |
$8,907,078.00 |
-$3,255,949.00 |
-$378,550.82 |
$5,272,578.19 |
| 13 |
$9,352,380.00 |
-$3,420,711.00 |
-$397,476.15 |
$5,534,192.85 |
| 14 |
$9,820,172.00 |
-$3,593,794.00 |
-$417,357.31 |
$5,809,020.69 |
| 15 |
$10,311,146.00 |
-$3,775,454.00 |
-$438,223.71 |
$6,097,468.30 |
| 16 |
$10,826,686.00 |
-$3,966,204.00 |
-$460,134.16 |
$6,400,347.85 |
| 17 |
$11,367,830.00 |
-$4,166,427.00 |
-$483,132.78 |
$6,718,270.23 |
| 18 |
$11,936,308.00 |
-$4,376,764.00 |
-$507,293.09 |
$7,052,250.91 |
| 19 |
$12,533,158.00 |
-$4,597,599.00 |
-$532,659.22 |
$7,402,899.79 |
| 20 |
$13,159,764.00 |
-$4,829,443.00 |
-$559,289.97 |
$7,771,031.03 |
| 21 |
$13,817,856.00 |
-$5,072,937.00 |
-$587,258.88 |
$8,157,660.12 |
| 22 |
$14,508,818.00 |
-$5,328,593.00 |
-$616,624.77 |
$8,563,600.24 |
| 23 |
$15,234,034.00 |
-$5,596,923.00 |
-$647,446.45 |
$8,989,664.56 |
| 24 |
$15,995,926.00 |
-$5,878,823.00 |
-$679,826.86 |
$9,437,276.15 |
| 25 |
$16,795,532.00 |
-$6,174,677.00 |
-$713,810.11 |
$9,907,044.89 |
| 26 |
$17,635,620.00 |
-$6,485,510.00 |
-$749,513.85 |
$10,400,596.15 |
| 27 |
$18,517,228.00 |
-$6,811,705.00 |
-$786,982.19 |
$10,918,540.81 |
| 28 |
$19,443,124.00 |
-$7,154,286.00 |
-$826,332.77 |
$11,462,505.23 |
| 29 |
$20,415,384.00 |
-$7,514,022.00 |
-$867,653.82 |
$12,033,708.18 |
| 30 |
$21,436,084.00 |
-$7,891,681.00 |
-$911,033.57 |
$12,633,369.43 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$346,000,000.00 |
-$128,020,000.00 |
-$14,705,000.00 |
$203,275,000.00 |
|
