| Cash Option ($163.6 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $163,600,000.00 |
-$60,492,330.00 |
-$6,953,000.00 |
$96,154,670.00 |
| Annuity ($368 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$5,538,768.00 |
-$2,009,675.00 |
-$235,397.64 |
$3,293,695.36 |
| 2 |
$5,815,872.00 |
-$2,112,203.00 |
-$247,174.56 |
$3,456,494.44 |
| 3 |
$6,106,592.00 |
-$2,219,769.00 |
-$259,530.16 |
$3,627,292.84 |
| 4 |
$6,412,032.00 |
-$2,332,782.00 |
-$272,511.36 |
$3,806,738.64 |
| 5 |
$6,732,560.00 |
-$2,451,378.00 |
-$286,133.80 |
$3,995,048.20 |
| 6 |
$7,069,280.00 |
-$2,575,964.00 |
-$300,444.40 |
$4,192,871.60 |
| 7 |
$7,422,560.00 |
-$2,706,678.00 |
-$315,458.80 |
$4,400,423.20 |
| 8 |
$7,793,872.00 |
-$2,844,063.00 |
-$331,239.56 |
$4,618,569.44 |
| 9 |
$8,183,584.00 |
-$2,988,256.00 |
-$347,802.32 |
$4,847,525.68 |
| 10 |
$8,592,800.00 |
-$3,139,666.00 |
-$365,194.00 |
$5,087,940.00 |
| 11 |
$9,022,256.00 |
-$3,298,565.00 |
-$383,445.88 |
$5,340,245.12 |
| 12 |
$9,473,424.00 |
-$3,465,497.00 |
-$402,620.52 |
$5,605,306.48 |
| 13 |
$9,947,040.00 |
-$3,640,735.00 |
-$422,749.20 |
$5,883,555.80 |
| 14 |
$10,444,576.00 |
-$3,824,824.00 |
-$443,894.48 |
$6,175,857.52 |
| 15 |
$10,966,768.00 |
-$4,018,035.00 |
-$466,087.64 |
$6,482,645.36 |
| 16 |
$11,515,088.00 |
-$4,220,913.00 |
-$489,391.24 |
$6,804,783.76 |
| 17 |
$12,090,640.00 |
-$4,433,867.00 |
-$513,852.20 |
$7,142,920.80 |
| 18 |
$12,695,264.00 |
-$4,657,578.00 |
-$539,548.72 |
$7,498,137.28 |
| 19 |
$13,330,064.00 |
-$4,892,454.00 |
-$566,527.72 |
$7,871,082.28 |
| 20 |
$13,996,512.00 |
-$5,139,040.00 |
-$594,851.76 |
$8,262,620.24 |
| 21 |
$14,696,448.00 |
-$5,398,016.00 |
-$624,599.04 |
$8,673,832.96 |
| 22 |
$15,431,344.00 |
-$5,669,928.00 |
-$655,832.12 |
$9,105,583.88 |
| 23 |
$16,202,672.00 |
-$5,955,319.00 |
-$688,613.56 |
$9,558,739.44 |
| 24 |
$17,013,008.00 |
-$6,255,143.00 |
-$723,052.84 |
$10,034,812.16 |
| 25 |
$17,863,456.00 |
-$6,569,809.00 |
-$759,196.88 |
$10,534,450.12 |
| 26 |
$18,756,960.00 |
-$6,900,406.00 |
-$797,170.80 |
$11,059,383.20 |
| 27 |
$19,694,624.00 |
-$7,247,341.00 |
-$837,021.52 |
$11,610,261.48 |
| 28 |
$20,679,392.00 |
-$7,611,705.00 |
-$878,874.16 |
$12,188,812.84 |
| 29 |
$21,713,472.00 |
-$7,994,315.00 |
-$922,822.56 |
$12,796,334.44 |
| 30 |
$22,799,072.00 |
-$8,395,987.00 |
-$968,960.56 |
$13,434,124.44 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$368,000,000.00 |
-$136,160,000.00 |
-$15,640,000.00 |
$216,200,000.00 |
|
