| Cash Option ($304.1 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $304,100,000.00 |
-$112,477,330.00 |
-$0.00 |
$191,622,670.00 |
| Annuity ($650 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$9,783,150.00 |
-$3,580,096.00 |
-$0.00 |
$6,203,054.00 |
| 2 |
$10,272,600.00 |
-$3,761,192.00 |
-$0.00 |
$6,511,408.00 |
| 3 |
$10,786,100.00 |
-$3,951,187.00 |
-$0.00 |
$6,834,913.00 |
| 4 |
$11,325,600.00 |
-$4,150,802.00 |
-$0.00 |
$7,174,798.00 |
| 5 |
$11,891,750.00 |
-$4,360,278.00 |
-$0.00 |
$7,531,472.00 |
| 6 |
$12,486,500.00 |
-$4,580,335.00 |
-$0.00 |
$7,906,165.00 |
| 7 |
$13,110,500.00 |
-$4,811,215.00 |
-$0.00 |
$8,299,285.00 |
| 8 |
$13,766,350.00 |
-$5,053,880.00 |
-$0.00 |
$8,712,470.00 |
| 9 |
$14,454,700.00 |
-$5,308,569.00 |
-$0.00 |
$9,146,131.00 |
| 10 |
$15,177,500.00 |
-$5,576,005.00 |
-$0.00 |
$9,601,495.00 |
| 11 |
$15,936,050.00 |
-$5,856,669.00 |
-$0.00 |
$10,079,381.00 |
| 12 |
$16,732,950.00 |
-$6,151,522.00 |
-$0.00 |
$10,581,428.00 |
| 13 |
$17,569,500.00 |
-$6,461,045.00 |
-$0.00 |
$11,108,455.00 |
| 14 |
$18,448,300.00 |
-$6,786,201.00 |
-$0.00 |
$11,662,099.00 |
| 15 |
$19,370,650.00 |
-$7,127,471.00 |
-$0.00 |
$12,243,179.00 |
| 16 |
$20,339,150.00 |
-$7,485,816.00 |
-$0.00 |
$12,853,334.00 |
| 17 |
$21,355,750.00 |
-$7,861,958.00 |
-$0.00 |
$13,493,792.00 |
| 18 |
$22,423,700.00 |
-$8,257,099.00 |
-$0.00 |
$14,166,601.00 |
| 19 |
$23,544,950.00 |
-$8,671,962.00 |
-$0.00 |
$14,872,988.00 |
| 20 |
$24,722,100.00 |
-$9,107,507.00 |
-$0.00 |
$15,614,593.00 |
| 21 |
$25,958,400.00 |
-$9,564,938.00 |
-$0.00 |
$16,393,462.00 |
| 22 |
$27,256,450.00 |
-$10,045,217.00 |
-$0.00 |
$17,211,233.00 |
| 23 |
$28,618,850.00 |
-$10,549,305.00 |
-$0.00 |
$18,069,545.00 |
| 24 |
$30,050,150.00 |
-$11,078,886.00 |
-$0.00 |
$18,971,264.00 |
| 25 |
$31,552,300.00 |
-$11,634,681.00 |
-$0.00 |
$19,917,619.00 |
| 26 |
$33,130,500.00 |
-$12,218,615.00 |
-$0.00 |
$20,911,885.00 |
| 27 |
$34,786,700.00 |
-$12,831,409.00 |
-$0.00 |
$21,955,291.00 |
| 28 |
$36,526,100.00 |
-$13,474,987.00 |
-$0.00 |
$23,051,113.00 |
| 29 |
$38,352,600.00 |
-$14,150,792.00 |
-$0.00 |
$24,201,808.00 |
| 30 |
$40,270,100.00 |
-$14,860,267.00 |
-$0.00 |
$25,409,833.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$650,000,000.00 |
-$240,500,000.00 |
-$0.00 |
$409,500,000.00 |
|
