| Cash Option ($138.1 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $138,100,000.00 |
-$51,057,330.00 |
-$0.00 |
$87,042,670.00 |
| Annuity ($295 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$4,440,045.00 |
-$1,603,147.00 |
-$0.00 |
$2,836,898.00 |
| 2 |
$4,662,180.00 |
-$1,685,337.00 |
-$0.00 |
$2,976,843.00 |
| 3 |
$4,895,230.00 |
-$1,771,565.00 |
-$0.00 |
$3,123,665.00 |
| 4 |
$5,140,080.00 |
-$1,862,160.00 |
-$0.00 |
$3,277,920.00 |
| 5 |
$5,397,025.00 |
-$1,957,230.00 |
-$0.00 |
$3,439,795.00 |
| 6 |
$5,666,950.00 |
-$2,057,102.00 |
-$0.00 |
$3,609,848.00 |
| 7 |
$5,950,150.00 |
-$2,161,886.00 |
-$0.00 |
$3,788,264.00 |
| 8 |
$6,247,805.00 |
-$2,272,018.00 |
-$0.00 |
$3,975,787.00 |
| 9 |
$6,560,210.00 |
-$2,387,608.00 |
-$0.00 |
$4,172,602.00 |
| 10 |
$6,888,250.00 |
-$2,508,983.00 |
-$0.00 |
$4,379,267.00 |
| 11 |
$7,232,515.00 |
-$2,636,361.00 |
-$0.00 |
$4,596,154.00 |
| 12 |
$7,594,185.00 |
-$2,770,179.00 |
-$0.00 |
$4,824,006.00 |
| 13 |
$7,973,850.00 |
-$2,910,655.00 |
-$0.00 |
$5,063,195.00 |
| 14 |
$8,372,690.00 |
-$3,058,226.00 |
-$0.00 |
$5,314,464.00 |
| 15 |
$8,791,295.00 |
-$3,213,110.00 |
-$0.00 |
$5,578,185.00 |
| 16 |
$9,230,845.00 |
-$3,375,743.00 |
-$0.00 |
$5,855,102.00 |
| 17 |
$9,692,225.00 |
-$3,546,454.00 |
-$0.00 |
$6,145,771.00 |
| 18 |
$10,176,910.00 |
-$3,725,787.00 |
-$0.00 |
$6,451,123.00 |
| 19 |
$10,685,785.00 |
-$3,914,071.00 |
-$0.00 |
$6,771,714.00 |
| 20 |
$11,220,030.00 |
-$4,111,741.00 |
-$0.00 |
$7,108,289.00 |
| 21 |
$11,781,120.00 |
-$4,319,345.00 |
-$0.00 |
$7,461,775.00 |
| 22 |
$12,370,235.00 |
-$4,537,317.00 |
-$0.00 |
$7,832,918.00 |
| 23 |
$12,988,555.00 |
-$4,766,096.00 |
-$0.00 |
$8,222,459.00 |
| 24 |
$13,638,145.00 |
-$5,006,444.00 |
-$0.00 |
$8,631,701.00 |
| 25 |
$14,319,890.00 |
-$5,258,690.00 |
-$0.00 |
$9,061,200.00 |
| 26 |
$15,036,150.00 |
-$5,523,706.00 |
-$0.00 |
$9,512,444.00 |
| 27 |
$15,787,810.00 |
-$5,801,820.00 |
-$0.00 |
$9,985,990.00 |
| 28 |
$16,577,230.00 |
-$6,093,905.00 |
-$0.00 |
$10,483,325.00 |
| 29 |
$17,406,180.00 |
-$6,400,617.00 |
-$0.00 |
$11,005,563.00 |
| 30 |
$18,276,430.00 |
-$6,722,609.00 |
-$0.00 |
$11,553,821.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$295,000,000.00 |
-$109,150,000.00 |
-$0.00 |
$185,850,000.00 |
|
