| Cash Option ($117.3 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $117,300,000.00 |
-$43,361,330.00 |
-$4,985,250.00 |
$68,953,420.00 |
| Annuity ($277 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$4,169,127.00 |
-$1,502,907.00 |
-$177,187.90 |
$2,489,032.10 |
| 2 |
$4,377,708.00 |
-$1,580,082.00 |
-$186,052.59 |
$2,611,573.41 |
| 3 |
$4,596,538.00 |
-$1,661,049.00 |
-$195,352.87 |
$2,740,136.14 |
| 4 |
$4,826,448.00 |
-$1,746,116.00 |
-$205,124.04 |
$2,875,207.96 |
| 5 |
$5,067,715.00 |
-$1,835,385.00 |
-$215,377.89 |
$3,016,952.11 |
| 6 |
$5,321,170.00 |
-$1,929,163.00 |
-$226,149.73 |
$3,165,857.28 |
| 7 |
$5,587,090.00 |
-$2,027,554.00 |
-$237,451.33 |
$3,322,084.68 |
| 8 |
$5,866,583.00 |
-$2,130,966.00 |
-$249,329.78 |
$3,486,287.22 |
| 9 |
$6,159,926.00 |
-$2,239,503.00 |
-$261,796.86 |
$3,658,626.15 |
| 10 |
$6,467,950.00 |
-$2,353,472.00 |
-$274,887.88 |
$3,839,590.13 |
| 11 |
$6,791,209.00 |
-$2,473,078.00 |
-$288,626.38 |
$4,029,504.62 |
| 12 |
$7,130,811.00 |
-$2,598,730.00 |
-$303,059.47 |
$4,229,021.53 |
| 13 |
$7,487,310.00 |
-$2,730,635.00 |
-$318,210.68 |
$4,438,464.33 |
| 14 |
$7,861,814.00 |
-$2,869,202.00 |
-$334,127.10 |
$4,658,484.91 |
| 15 |
$8,254,877.00 |
-$3,014,635.00 |
-$350,832.27 |
$4,889,409.73 |
| 16 |
$8,667,607.00 |
-$3,167,345.00 |
-$368,373.30 |
$5,131,888.70 |
| 17 |
$9,100,835.00 |
-$3,327,639.00 |
-$386,785.49 |
$5,386,410.51 |
| 18 |
$9,555,946.00 |
-$3,496,030.00 |
-$406,127.71 |
$5,653,788.30 |
| 19 |
$10,033,771.00 |
-$3,672,826.00 |
-$426,435.27 |
$5,934,509.73 |
| 20 |
$10,535,418.00 |
-$3,858,435.00 |
-$447,755.27 |
$6,229,227.74 |
| 21 |
$11,062,272.00 |
-$4,053,371.00 |
-$470,146.56 |
$6,538,754.44 |
| 22 |
$11,615,441.00 |
-$4,258,044.00 |
-$493,656.24 |
$6,863,740.76 |
| 23 |
$12,196,033.00 |
-$4,472,863.00 |
-$518,331.40 |
$7,204,838.60 |
| 24 |
$12,805,987.00 |
-$4,698,546.00 |
-$544,254.45 |
$7,563,186.55 |
| 25 |
$13,446,134.00 |
-$4,935,400.00 |
-$571,460.70 |
$7,939,273.31 |
| 26 |
$14,118,690.00 |
-$5,184,246.00 |
-$600,044.33 |
$8,334,399.68 |
| 27 |
$14,824,486.00 |
-$5,445,390.00 |
-$630,040.66 |
$8,749,055.35 |
| 28 |
$15,565,738.00 |
-$5,719,653.00 |
-$661,543.87 |
$9,184,541.14 |
| 29 |
$16,344,108.00 |
-$6,007,650.00 |
-$694,624.59 |
$9,641,833.41 |
| 30 |
$17,161,258.00 |
-$6,309,996.00 |
-$729,353.47 |
$10,121,908.54 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$277,000,000.00 |
-$102,490,000.00 |
-$11,772,500.00 |
$162,737,500.00 |
|
