| Cash Option ($62 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $62,000,000.00 |
-$22,900,330.00 |
-$2,635,000.00 |
$36,464,670.00 |
| Annuity ($140 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$2,107,140.00 |
-$739,972.00 |
-$89,553.45 |
$1,277,614.55 |
| 2 |
$2,212,560.00 |
-$778,978.00 |
-$94,033.80 |
$1,339,548.20 |
| 3 |
$2,323,160.00 |
-$819,900.00 |
-$98,734.30 |
$1,404,525.70 |
| 4 |
$2,439,360.00 |
-$862,894.00 |
-$103,672.80 |
$1,472,793.20 |
| 5 |
$2,561,300.00 |
-$908,011.00 |
-$108,855.25 |
$1,544,433.75 |
| 6 |
$2,689,400.00 |
-$955,408.00 |
-$114,299.50 |
$1,619,692.50 |
| 7 |
$2,823,800.00 |
-$1,005,136.00 |
-$120,011.50 |
$1,698,652.50 |
| 8 |
$2,965,060.00 |
-$1,057,403.00 |
-$126,015.05 |
$1,781,641.95 |
| 9 |
$3,113,320.00 |
-$1,112,259.00 |
-$132,316.10 |
$1,868,744.90 |
| 10 |
$3,269,000.00 |
-$1,169,860.00 |
-$138,932.50 |
$1,960,207.50 |
| 11 |
$3,432,380.00 |
-$1,230,311.00 |
-$145,876.15 |
$2,056,192.85 |
| 12 |
$3,604,020.00 |
-$1,293,818.00 |
-$153,170.85 |
$2,157,031.15 |
| 13 |
$3,784,200.00 |
-$1,360,484.00 |
-$160,828.50 |
$2,262,887.50 |
| 14 |
$3,973,480.00 |
-$1,430,518.00 |
-$168,872.90 |
$2,374,089.10 |
| 15 |
$4,172,140.00 |
-$1,504,022.00 |
-$177,315.95 |
$2,490,802.05 |
| 16 |
$4,380,740.00 |
-$1,581,204.00 |
-$186,181.45 |
$2,613,354.55 |
| 17 |
$4,599,700.00 |
-$1,662,219.00 |
-$195,487.25 |
$2,741,993.75 |
| 18 |
$4,829,720.00 |
-$1,747,327.00 |
-$205,263.10 |
$2,877,129.90 |
| 19 |
$5,071,220.00 |
-$1,836,682.00 |
-$215,526.85 |
$3,019,011.15 |
| 20 |
$5,324,760.00 |
-$1,930,492.00 |
-$226,302.30 |
$3,167,965.70 |
| 21 |
$5,591,040.00 |
-$2,029,015.00 |
-$237,619.20 |
$3,324,405.80 |
| 22 |
$5,870,620.00 |
-$2,132,460.00 |
-$249,501.35 |
$3,488,658.65 |
| 23 |
$6,164,060.00 |
-$2,241,033.00 |
-$261,972.55 |
$3,661,054.45 |
| 24 |
$6,472,340.00 |
-$2,355,096.00 |
-$275,074.45 |
$3,842,169.55 |
| 25 |
$6,795,880.00 |
-$2,474,806.00 |
-$288,824.90 |
$4,032,249.10 |
| 26 |
$7,135,800.00 |
-$2,600,576.00 |
-$303,271.50 |
$4,231,952.50 |
| 27 |
$7,492,520.00 |
-$2,732,563.00 |
-$318,432.10 |
$4,441,524.90 |
| 28 |
$7,867,160.00 |
-$2,871,180.00 |
-$334,354.30 |
$4,661,625.70 |
| 29 |
$8,260,560.00 |
-$3,016,738.00 |
-$351,073.80 |
$4,892,748.20 |
| 30 |
$8,673,560.00 |
-$3,169,548.00 |
-$368,626.30 |
$5,135,385.70 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$140,000,000.00 |
-$51,800,000.00 |
-$5,950,000.00 |
$82,250,000.00 |
|
