| Cash Option ($242 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $242,000,000.00 |
-$89,500,330.00 |
-$0.00 |
$152,499,670.00 |
| Annuity ($542 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$8,157,642.00 |
-$2,978,658.00 |
-$0.00 |
$5,178,984.00 |
| 2 |
$8,565,768.00 |
-$3,129,665.00 |
-$0.00 |
$5,436,103.00 |
| 3 |
$8,993,948.00 |
-$3,288,091.00 |
-$0.00 |
$5,705,857.00 |
| 4 |
$9,443,808.00 |
-$3,454,539.00 |
-$0.00 |
$5,989,269.00 |
| 5 |
$9,915,890.00 |
-$3,629,210.00 |
-$0.00 |
$6,286,680.00 |
| 6 |
$10,411,820.00 |
-$3,812,704.00 |
-$0.00 |
$6,599,116.00 |
| 7 |
$10,932,140.00 |
-$4,005,222.00 |
-$0.00 |
$6,926,918.00 |
| 8 |
$11,479,018.00 |
-$4,207,567.00 |
-$0.00 |
$7,271,451.00 |
| 9 |
$12,052,996.00 |
-$4,419,939.00 |
-$0.00 |
$7,633,057.00 |
| 10 |
$12,655,700.00 |
-$4,642,939.00 |
-$0.00 |
$8,012,761.00 |
| 11 |
$13,288,214.00 |
-$4,876,970.00 |
-$0.00 |
$8,411,244.00 |
| 12 |
$13,952,706.00 |
-$5,122,832.00 |
-$0.00 |
$8,829,874.00 |
| 13 |
$14,650,260.00 |
-$5,380,927.00 |
-$0.00 |
$9,269,333.00 |
| 14 |
$15,383,044.00 |
-$5,652,057.00 |
-$0.00 |
$9,730,987.00 |
| 15 |
$16,152,142.00 |
-$5,936,623.00 |
-$0.00 |
$10,215,519.00 |
| 16 |
$16,959,722.00 |
-$6,235,428.00 |
-$0.00 |
$10,724,294.00 |
| 17 |
$17,807,410.00 |
-$6,549,072.00 |
-$0.00 |
$11,258,338.00 |
| 18 |
$18,697,916.00 |
-$6,878,559.00 |
-$0.00 |
$11,819,357.00 |
| 19 |
$19,632,866.00 |
-$7,224,491.00 |
-$0.00 |
$12,408,375.00 |
| 20 |
$20,614,428.00 |
-$7,587,669.00 |
-$0.00 |
$13,026,759.00 |
| 21 |
$21,645,312.00 |
-$7,969,096.00 |
-$0.00 |
$13,676,216.00 |
| 22 |
$22,727,686.00 |
-$8,369,574.00 |
-$0.00 |
$14,358,112.00 |
| 23 |
$23,863,718.00 |
-$8,789,906.00 |
-$0.00 |
$15,073,812.00 |
| 24 |
$25,057,202.00 |
-$9,231,495.00 |
-$0.00 |
$15,825,707.00 |
| 25 |
$26,309,764.00 |
-$9,694,943.00 |
-$0.00 |
$16,614,821.00 |
| 26 |
$27,625,740.00 |
-$10,181,854.00 |
-$0.00 |
$17,443,886.00 |
| 27 |
$29,006,756.00 |
-$10,692,830.00 |
-$0.00 |
$18,313,926.00 |
| 28 |
$30,457,148.00 |
-$11,229,475.00 |
-$0.00 |
$19,227,673.00 |
| 29 |
$31,980,168.00 |
-$11,792,993.00 |
-$0.00 |
$20,187,175.00 |
| 30 |
$33,579,068.00 |
-$12,384,586.00 |
-$0.00 |
$21,194,482.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$542,000,000.00 |
-$200,540,000.00 |
-$0.00 |
$341,460,000.00 |
|
