| Cash Option ($53.5 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $53,500,000.00 |
-$19,755,330.00 |
-$2,273,750.00 |
$31,470,920.00 |
| Annuity ($120 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$1,806,120.00 |
-$628,595.00 |
-$76,760.10 |
$1,100,764.90 |
| 2 |
$1,896,480.00 |
-$662,028.00 |
-$80,600.40 |
$1,153,851.60 |
| 3 |
$1,991,280.00 |
-$697,104.00 |
-$84,629.40 |
$1,209,546.60 |
| 4 |
$2,090,880.00 |
-$733,956.00 |
-$88,862.40 |
$1,268,061.60 |
| 5 |
$2,195,400.00 |
-$772,628.00 |
-$93,304.50 |
$1,329,467.50 |
| 6 |
$2,305,200.00 |
-$813,254.00 |
-$97,971.00 |
$1,393,975.00 |
| 7 |
$2,420,400.00 |
-$855,878.00 |
-$102,867.00 |
$1,461,655.00 |
| 8 |
$2,541,480.00 |
-$900,678.00 |
-$108,012.90 |
$1,532,789.10 |
| 9 |
$2,668,560.00 |
-$947,698.00 |
-$113,413.80 |
$1,607,448.20 |
| 10 |
$2,802,000.00 |
-$997,070.00 |
-$119,085.00 |
$1,685,845.00 |
| 11 |
$2,942,040.00 |
-$1,048,885.00 |
-$125,036.70 |
$1,768,118.30 |
| 12 |
$3,089,160.00 |
-$1,103,320.00 |
-$131,289.30 |
$1,854,550.70 |
| 13 |
$3,243,600.00 |
-$1,160,462.00 |
-$137,853.00 |
$1,945,285.00 |
| 14 |
$3,405,840.00 |
-$1,220,491.00 |
-$144,748.20 |
$2,040,600.80 |
| 15 |
$3,576,120.00 |
-$1,283,495.00 |
-$151,985.10 |
$2,140,639.90 |
| 16 |
$3,754,920.00 |
-$1,349,651.00 |
-$159,584.10 |
$2,245,684.90 |
| 17 |
$3,942,600.00 |
-$1,419,092.00 |
-$167,560.50 |
$2,355,947.50 |
| 18 |
$4,139,760.00 |
-$1,492,042.00 |
-$175,939.80 |
$2,471,778.20 |
| 19 |
$4,346,760.00 |
-$1,568,632.00 |
-$184,737.30 |
$2,593,390.70 |
| 20 |
$4,564,080.00 |
-$1,649,040.00 |
-$193,973.40 |
$2,721,066.60 |
| 21 |
$4,792,320.00 |
-$1,733,489.00 |
-$203,673.60 |
$2,855,157.40 |
| 22 |
$5,031,960.00 |
-$1,822,156.00 |
-$213,858.30 |
$2,995,945.70 |
| 23 |
$5,283,480.00 |
-$1,915,218.00 |
-$224,547.90 |
$3,143,714.10 |
| 24 |
$5,547,720.00 |
-$2,012,987.00 |
-$235,778.10 |
$3,298,954.90 |
| 25 |
$5,825,040.00 |
-$2,115,595.00 |
-$247,564.20 |
$3,461,880.80 |
| 26 |
$6,116,400.00 |
-$2,223,398.00 |
-$259,947.00 |
$3,633,055.00 |
| 27 |
$6,422,160.00 |
-$2,336,530.00 |
-$272,941.80 |
$3,812,688.20 |
| 28 |
$6,743,280.00 |
-$2,455,344.00 |
-$286,589.40 |
$4,001,346.60 |
| 29 |
$7,080,480.00 |
-$2,580,108.00 |
-$300,920.40 |
$4,199,451.60 |
| 30 |
$7,434,480.00 |
-$2,711,088.00 |
-$315,965.40 |
$4,407,426.60 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$120,000,000.00 |
-$44,400,000.00 |
-$5,100,000.00 |
$70,500,000.00 |
|
