| Cash Option ($240.1 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $240,100,000.00 |
-$88,797,330.00 |
-$10,204,250.00 |
$141,098,420.00 |
| Annuity ($520 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$7,826,520.00 |
-$2,856,143.00 |
-$332,627.10 |
$4,637,749.90 |
| 2 |
$8,218,080.00 |
-$3,001,020.00 |
-$349,268.40 |
$4,867,791.60 |
| 3 |
$8,628,880.00 |
-$3,153,016.00 |
-$366,727.40 |
$5,109,136.60 |
| 4 |
$9,060,480.00 |
-$3,312,708.00 |
-$385,070.40 |
$5,362,701.60 |
| 5 |
$9,513,400.00 |
-$3,480,288.00 |
-$404,319.50 |
$5,628,792.50 |
| 6 |
$9,989,200.00 |
-$3,656,334.00 |
-$424,541.00 |
$5,908,325.00 |
| 7 |
$10,488,400.00 |
-$3,841,038.00 |
-$445,757.00 |
$6,201,605.00 |
| 8 |
$11,013,080.00 |
-$4,035,170.00 |
-$468,055.90 |
$6,509,854.10 |
| 9 |
$11,563,760.00 |
-$4,238,922.00 |
-$491,459.80 |
$6,833,378.20 |
| 10 |
$12,142,000.00 |
-$4,452,870.00 |
-$516,035.00 |
$7,173,095.00 |
| 11 |
$12,748,840.00 |
-$4,677,401.00 |
-$541,825.70 |
$7,529,613.30 |
| 12 |
$13,386,360.00 |
-$4,913,284.00 |
-$568,920.30 |
$7,904,155.70 |
| 13 |
$14,055,600.00 |
-$5,160,902.00 |
-$597,363.00 |
$8,297,335.00 |
| 14 |
$14,758,640.00 |
-$5,421,027.00 |
-$627,242.20 |
$8,710,370.80 |
| 15 |
$15,496,520.00 |
-$5,694,043.00 |
-$658,602.10 |
$9,143,874.90 |
| 16 |
$16,271,320.00 |
-$5,980,719.00 |
-$691,531.10 |
$9,599,069.90 |
| 17 |
$17,084,600.00 |
-$6,281,632.00 |
-$726,095.50 |
$10,076,872.50 |
| 18 |
$17,938,960.00 |
-$6,597,746.00 |
-$762,405.80 |
$10,578,808.20 |
| 19 |
$18,835,960.00 |
-$6,929,636.00 |
-$800,528.30 |
$11,105,795.70 |
| 20 |
$19,777,680.00 |
-$7,278,072.00 |
-$840,551.40 |
$11,659,056.60 |
| 21 |
$20,766,720.00 |
-$7,644,017.00 |
-$882,585.60 |
$12,240,117.40 |
| 22 |
$21,805,160.00 |
-$8,028,240.00 |
-$926,719.30 |
$12,850,200.70 |
| 23 |
$22,895,080.00 |
-$8,431,510.00 |
-$973,040.90 |
$13,490,529.10 |
| 24 |
$24,040,120.00 |
-$8,855,175.00 |
-$1,021,705.10 |
$14,163,239.90 |
| 25 |
$25,241,840.00 |
-$9,299,811.00 |
-$1,072,778.20 |
$14,869,250.80 |
| 26 |
$26,504,400.00 |
-$9,766,958.00 |
-$1,126,437.00 |
$15,611,005.00 |
| 27 |
$27,829,360.00 |
-$10,257,194.00 |
-$1,182,747.80 |
$16,389,418.20 |
| 28 |
$29,220,880.00 |
-$10,772,056.00 |
-$1,241,887.40 |
$17,206,936.60 |
| 29 |
$30,682,080.00 |
-$11,312,700.00 |
-$1,303,988.40 |
$18,065,391.60 |
| 30 |
$32,216,080.00 |
-$11,880,280.00 |
-$1,369,183.40 |
$18,966,616.60 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$520,000,000.00 |
-$192,400,000.00 |
-$22,100,000.00 |
$305,500,000.00 |
|
