| Cash Option ($98.3 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $98,300,000.00 |
-$36,331,330.00 |
-$4,177,750.00 |
$57,790,920.00 |
| Annuity ($215 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$3,235,965.00 |
-$1,157,637.00 |
-$137,528.51 |
$1,940,799.49 |
| 2 |
$3,397,860.00 |
-$1,217,539.00 |
-$144,409.05 |
$2,035,911.95 |
| 3 |
$3,567,710.00 |
-$1,280,383.00 |
-$151,627.68 |
$2,135,699.33 |
| 4 |
$3,746,160.00 |
-$1,346,410.00 |
-$159,211.80 |
$2,240,538.20 |
| 5 |
$3,933,425.00 |
-$1,415,698.00 |
-$167,170.56 |
$2,350,556.44 |
| 6 |
$4,130,150.00 |
-$1,488,486.00 |
-$175,531.38 |
$2,466,132.63 |
| 7 |
$4,336,550.00 |
-$1,564,854.00 |
-$184,303.38 |
$2,587,392.63 |
| 8 |
$4,553,485.00 |
-$1,645,120.00 |
-$193,523.11 |
$2,714,841.89 |
| 9 |
$4,781,170.00 |
-$1,729,363.00 |
-$203,199.73 |
$2,848,607.28 |
| 10 |
$5,020,250.00 |
-$1,817,823.00 |
-$213,360.63 |
$2,989,066.38 |
| 11 |
$5,271,155.00 |
-$1,910,658.00 |
-$224,024.09 |
$3,136,472.91 |
| 12 |
$5,534,745.00 |
-$2,008,186.00 |
-$235,226.66 |
$3,291,332.34 |
| 13 |
$5,811,450.00 |
-$2,110,567.00 |
-$246,986.63 |
$3,453,896.38 |
| 14 |
$6,102,130.00 |
-$2,218,118.00 |
-$259,340.53 |
$3,624,671.48 |
| 15 |
$6,407,215.00 |
-$2,331,000.00 |
-$272,306.64 |
$3,803,908.36 |
| 16 |
$6,727,565.00 |
-$2,449,529.00 |
-$285,921.51 |
$3,992,114.49 |
| 17 |
$7,063,825.00 |
-$2,573,946.00 |
-$300,212.56 |
$4,189,666.44 |
| 18 |
$7,417,070.00 |
-$2,704,646.00 |
-$315,225.48 |
$4,397,198.53 |
| 19 |
$7,787,945.00 |
-$2,841,870.00 |
-$330,987.66 |
$4,615,087.34 |
| 20 |
$8,177,310.00 |
-$2,985,935.00 |
-$347,535.68 |
$4,843,839.33 |
| 21 |
$8,586,240.00 |
-$3,137,239.00 |
-$364,915.20 |
$5,084,085.80 |
| 22 |
$9,015,595.00 |
-$3,296,101.00 |
-$383,162.79 |
$5,336,331.21 |
| 23 |
$9,466,235.00 |
-$3,462,837.00 |
-$402,314.99 |
$5,601,083.01 |
| 24 |
$9,939,665.00 |
-$3,638,006.00 |
-$422,435.76 |
$5,879,223.24 |
| 25 |
$10,436,530.00 |
-$3,821,846.00 |
-$443,552.53 |
$6,171,131.48 |
| 26 |
$10,958,550.00 |
-$4,014,994.00 |
-$465,738.38 |
$6,477,817.63 |
| 27 |
$11,506,370.00 |
-$4,217,687.00 |
-$489,020.73 |
$6,799,662.28 |
| 28 |
$12,081,710.00 |
-$4,430,563.00 |
-$513,472.68 |
$7,137,674.33 |
| 29 |
$12,685,860.00 |
-$4,654,099.00 |
-$539,149.05 |
$7,492,611.95 |
| 30 |
$13,320,110.00 |
-$4,888,771.00 |
-$566,104.68 |
$7,865,234.33 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$215,000,000.00 |
-$79,550,000.00 |
-$9,137,500.00 |
$126,312,500.00 |
|
