| Cash Option ($203.1 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $203,100,000.00 |
-$75,107,330.00 |
-$8,631,750.00 |
$119,360,920.00 |
| Annuity ($438 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$6,592,338.00 |
-$2,399,495.00 |
-$280,174.37 |
$3,912,668.64 |
| 2 |
$6,922,152.00 |
-$2,521,527.00 |
-$294,191.46 |
$4,106,433.54 |
| 3 |
$7,268,172.00 |
-$2,649,554.00 |
-$308,897.31 |
$4,309,720.69 |
| 4 |
$7,631,712.00 |
-$2,784,064.00 |
-$324,347.76 |
$4,523,300.24 |
| 5 |
$8,013,210.00 |
-$2,925,218.00 |
-$340,561.43 |
$4,747,430.58 |
| 6 |
$8,413,980.00 |
-$3,073,503.00 |
-$357,594.15 |
$4,982,882.85 |
| 7 |
$8,834,460.00 |
-$3,229,081.00 |
-$375,464.55 |
$5,229,914.45 |
| 8 |
$9,276,402.00 |
-$3,392,599.00 |
-$394,247.09 |
$5,489,555.92 |
| 9 |
$9,740,244.00 |
-$3,564,221.00 |
-$413,960.37 |
$5,762,062.63 |
| 10 |
$10,227,300.00 |
-$3,744,431.00 |
-$434,660.25 |
$6,048,208.75 |
| 11 |
$10,738,446.00 |
-$3,933,555.00 |
-$456,383.96 |
$6,348,507.05 |
| 12 |
$11,275,434.00 |
-$4,132,241.00 |
-$479,205.95 |
$6,663,987.06 |
| 13 |
$11,839,140.00 |
-$4,340,812.00 |
-$503,163.45 |
$6,995,164.55 |
| 14 |
$12,431,316.00 |
-$4,559,917.00 |
-$528,330.93 |
$7,343,068.07 |
| 15 |
$13,052,838.00 |
-$4,789,880.00 |
-$554,745.62 |
$7,708,212.39 |
| 16 |
$13,705,458.00 |
-$5,031,350.00 |
-$582,481.97 |
$8,091,626.04 |
| 17 |
$14,390,490.00 |
-$5,284,812.00 |
-$611,595.83 |
$8,494,082.18 |
| 18 |
$15,110,124.00 |
-$5,551,076.00 |
-$642,180.27 |
$8,916,867.73 |
| 19 |
$15,865,674.00 |
-$5,830,630.00 |
-$674,291.15 |
$9,360,752.86 |
| 20 |
$16,658,892.00 |
-$6,124,120.00 |
-$708,002.91 |
$9,826,769.09 |
| 21 |
$17,491,968.00 |
-$6,432,359.00 |
-$743,408.64 |
$10,316,200.36 |
| 22 |
$18,366,654.00 |
-$6,755,992.00 |
-$780,582.80 |
$10,830,079.21 |
| 23 |
$19,284,702.00 |
-$7,095,670.00 |
-$819,599.84 |
$11,369,432.17 |
| 24 |
$20,249,178.00 |
-$7,452,526.00 |
-$860,590.07 |
$11,936,061.94 |
| 25 |
$21,261,396.00 |
-$7,827,047.00 |
-$903,609.33 |
$12,530,739.67 |
| 26 |
$22,324,860.00 |
-$8,220,529.00 |
-$948,806.55 |
$13,155,524.45 |
| 27 |
$23,440,884.00 |
-$8,633,457.00 |
-$996,237.57 |
$13,811,189.43 |
| 28 |
$24,612,972.00 |
-$9,067,130.00 |
-$1,046,051.31 |
$14,499,790.69 |
| 29 |
$25,843,752.00 |
-$9,522,519.00 |
-$1,098,359.46 |
$15,222,873.54 |
| 30 |
$27,135,852.00 |
-$10,000,596.00 |
-$1,153,273.71 |
$15,981,982.29 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$438,000,000.00 |
-$162,060,000.00 |
-$18,615,000.00 |
$257,325,000.00 |
|
