| Cash Option ($97 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $97,000,000.00 |
-$35,850,330.00 |
-$4,122,500.00 |
$57,027,170.00 |
| Annuity ($216 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$3,251,016.00 |
-$1,163,206.00 |
-$138,168.18 |
$1,949,641.82 |
| 2 |
$3,413,664.00 |
-$1,223,386.00 |
-$145,080.72 |
$2,045,197.28 |
| 3 |
$3,584,304.00 |
-$1,286,523.00 |
-$152,332.92 |
$2,145,448.08 |
| 4 |
$3,763,584.00 |
-$1,352,856.00 |
-$159,952.32 |
$2,250,775.68 |
| 5 |
$3,951,720.00 |
-$1,422,467.00 |
-$167,948.10 |
$2,361,304.90 |
| 6 |
$4,149,360.00 |
-$1,495,594.00 |
-$176,347.80 |
$2,477,418.20 |
| 7 |
$4,356,720.00 |
-$1,572,317.00 |
-$185,160.60 |
$2,599,242.40 |
| 8 |
$4,574,664.00 |
-$1,652,956.00 |
-$194,423.22 |
$2,727,284.78 |
| 9 |
$4,803,408.00 |
-$1,737,591.00 |
-$204,144.84 |
$2,861,672.16 |
| 10 |
$5,043,600.00 |
-$1,826,462.00 |
-$214,353.00 |
$3,002,785.00 |
| 11 |
$5,295,672.00 |
-$1,919,729.00 |
-$225,066.06 |
$3,150,876.94 |
| 12 |
$5,560,488.00 |
-$2,017,711.00 |
-$236,320.74 |
$3,306,456.26 |
| 13 |
$5,838,480.00 |
-$2,120,568.00 |
-$248,135.40 |
$3,469,776.60 |
| 14 |
$6,130,512.00 |
-$2,228,620.00 |
-$260,546.76 |
$3,641,345.24 |
| 15 |
$6,437,016.00 |
-$2,342,026.00 |
-$273,573.18 |
$3,821,416.82 |
| 16 |
$6,758,856.00 |
-$2,461,107.00 |
-$287,251.38 |
$4,010,497.62 |
| 17 |
$7,096,680.00 |
-$2,586,102.00 |
-$301,608.90 |
$4,208,969.10 |
| 18 |
$7,451,568.00 |
-$2,717,411.00 |
-$316,691.64 |
$4,417,465.36 |
| 19 |
$7,824,168.00 |
-$2,855,273.00 |
-$332,527.14 |
$4,636,367.86 |
| 20 |
$8,215,344.00 |
-$3,000,008.00 |
-$349,152.12 |
$4,866,183.88 |
| 21 |
$8,626,176.00 |
-$3,152,016.00 |
-$366,612.48 |
$5,107,547.52 |
| 22 |
$9,057,528.00 |
-$3,311,616.00 |
-$384,944.94 |
$5,360,967.06 |
| 23 |
$9,510,264.00 |
-$3,479,128.00 |
-$404,186.22 |
$5,626,949.78 |
| 24 |
$9,985,896.00 |
-$3,655,112.00 |
-$424,400.58 |
$5,906,383.42 |
| 25 |
$10,485,072.00 |
-$3,839,807.00 |
-$445,615.56 |
$6,199,649.44 |
| 26 |
$11,009,520.00 |
-$4,033,853.00 |
-$467,904.60 |
$6,507,762.40 |
| 27 |
$11,559,888.00 |
-$4,237,489.00 |
-$491,295.24 |
$6,831,103.76 |
| 28 |
$12,137,904.00 |
-$4,451,355.00 |
-$515,860.92 |
$7,170,688.08 |
| 29 |
$12,744,864.00 |
-$4,675,930.00 |
-$541,656.72 |
$7,527,277.28 |
| 30 |
$13,382,064.00 |
-$4,911,694.00 |
-$568,737.72 |
$7,901,632.28 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$216,000,000.00 |
-$79,920,000.00 |
-$9,180,000.00 |
$126,900,000.00 |
|
