| Cash Option ($54.8 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $54,800,000.00 |
-$20,236,330.00 |
-$2,329,000.00 |
$32,234,670.00 |
| Annuity ($122 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$1,836,222.00 |
-$639,733.00 |
-$78,039.44 |
$1,118,449.57 |
| 2 |
$1,928,088.00 |
-$673,723.00 |
-$81,943.74 |
$1,172,421.26 |
| 3 |
$2,024,468.00 |
-$709,384.00 |
-$86,039.89 |
$1,229,044.11 |
| 4 |
$2,125,728.00 |
-$746,850.00 |
-$90,343.44 |
$1,288,534.56 |
| 5 |
$2,231,990.00 |
-$786,167.00 |
-$94,859.58 |
$1,350,963.43 |
| 6 |
$2,343,620.00 |
-$827,470.00 |
-$99,603.85 |
$1,416,546.15 |
| 7 |
$2,460,740.00 |
-$870,804.00 |
-$104,581.45 |
$1,485,354.55 |
| 8 |
$2,583,838.00 |
-$916,350.00 |
-$109,813.12 |
$1,557,674.89 |
| 9 |
$2,713,036.00 |
-$964,154.00 |
-$115,304.03 |
$1,633,577.97 |
| 10 |
$2,848,700.00 |
-$1,014,349.00 |
-$121,069.75 |
$1,713,281.25 |
| 11 |
$2,991,074.00 |
-$1,067,028.00 |
-$127,120.65 |
$1,796,925.36 |
| 12 |
$3,140,646.00 |
-$1,122,369.00 |
-$133,477.46 |
$1,884,799.55 |
| 13 |
$3,297,660.00 |
-$1,180,465.00 |
-$140,150.55 |
$1,977,044.45 |
| 14 |
$3,462,604.00 |
-$1,241,494.00 |
-$147,160.67 |
$2,073,949.33 |
| 15 |
$3,635,722.00 |
-$1,305,548.00 |
-$154,518.19 |
$2,175,655.82 |
| 16 |
$3,817,502.00 |
-$1,372,806.00 |
-$162,243.84 |
$2,282,452.17 |
| 17 |
$4,008,310.00 |
-$1,443,405.00 |
-$170,353.18 |
$2,394,551.83 |
| 18 |
$4,208,756.00 |
-$1,517,570.00 |
-$178,872.13 |
$2,512,313.87 |
| 19 |
$4,419,206.00 |
-$1,595,437.00 |
-$187,816.26 |
$2,635,952.75 |
| 20 |
$4,640,148.00 |
-$1,677,185.00 |
-$197,206.29 |
$2,765,756.71 |
| 21 |
$4,872,192.00 |
-$1,763,041.00 |
-$207,068.16 |
$2,902,082.84 |
| 22 |
$5,115,826.00 |
-$1,853,186.00 |
-$217,422.61 |
$3,045,217.40 |
| 23 |
$5,371,538.00 |
-$1,947,799.00 |
-$228,290.37 |
$3,195,448.64 |
| 24 |
$5,640,182.00 |
-$2,047,198.00 |
-$239,707.74 |
$3,353,276.27 |
| 25 |
$5,922,124.00 |
-$2,151,516.00 |
-$251,690.27 |
$3,518,917.73 |
| 26 |
$6,218,340.00 |
-$2,261,116.00 |
-$264,279.45 |
$3,692,944.55 |
| 27 |
$6,529,196.00 |
-$2,376,133.00 |
-$277,490.83 |
$3,875,572.17 |
| 28 |
$6,855,668.00 |
-$2,496,928.00 |
-$291,365.89 |
$4,067,374.11 |
| 29 |
$7,198,488.00 |
-$2,623,771.00 |
-$305,935.74 |
$4,268,781.26 |
| 30 |
$7,558,388.00 |
-$2,756,934.00 |
-$321,231.49 |
$4,480,222.51 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$122,000,000.00 |
-$45,140,000.00 |
-$5,185,000.00 |
$71,675,000.00 |
|
