| Cash Option ($26.5 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $26,500,000.00 |
-$9,765,330.00 |
-$0.00 |
$16,734,670.00 |
| Annuity ($59 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$888,009.00 |
-$288,894.00 |
-$0.00 |
$599,115.00 |
| 2 |
$932,436.00 |
-$305,332.00 |
-$0.00 |
$627,104.00 |
| 3 |
$979,046.00 |
-$322,577.00 |
-$0.00 |
$656,469.00 |
| 4 |
$1,028,016.00 |
-$340,696.00 |
-$0.00 |
$687,320.00 |
| 5 |
$1,079,405.00 |
-$359,710.00 |
-$0.00 |
$719,695.00 |
| 6 |
$1,133,390.00 |
-$379,685.00 |
-$0.00 |
$753,705.00 |
| 7 |
$1,190,030.00 |
-$400,641.00 |
-$0.00 |
$789,389.00 |
| 8 |
$1,249,561.00 |
-$422,668.00 |
-$0.00 |
$826,893.00 |
| 9 |
$1,312,042.00 |
-$445,786.00 |
-$0.00 |
$866,256.00 |
| 10 |
$1,377,650.00 |
-$470,061.00 |
-$0.00 |
$907,589.00 |
| 11 |
$1,446,503.00 |
-$495,536.00 |
-$0.00 |
$950,967.00 |
| 12 |
$1,518,837.00 |
-$522,300.00 |
-$0.00 |
$996,537.00 |
| 13 |
$1,594,770.00 |
-$550,395.00 |
-$0.00 |
$1,044,375.00 |
| 14 |
$1,674,538.00 |
-$579,909.00 |
-$0.00 |
$1,094,629.00 |
| 15 |
$1,758,259.00 |
-$610,886.00 |
-$0.00 |
$1,147,373.00 |
| 16 |
$1,846,169.00 |
-$643,413.00 |
-$0.00 |
$1,202,756.00 |
| 17 |
$1,938,445.00 |
-$677,555.00 |
-$0.00 |
$1,260,890.00 |
| 18 |
$2,035,382.00 |
-$713,422.00 |
-$0.00 |
$1,321,960.00 |
| 19 |
$2,137,157.00 |
-$751,078.00 |
-$0.00 |
$1,386,079.00 |
| 20 |
$2,244,006.00 |
-$790,613.00 |
-$0.00 |
$1,453,393.00 |
| 21 |
$2,356,224.00 |
-$832,133.00 |
-$0.00 |
$1,524,091.00 |
| 22 |
$2,474,047.00 |
-$875,728.00 |
-$0.00 |
$1,598,319.00 |
| 23 |
$2,597,711.00 |
-$921,483.00 |
-$0.00 |
$1,676,228.00 |
| 24 |
$2,727,629.00 |
-$969,553.00 |
-$0.00 |
$1,758,076.00 |
| 25 |
$2,863,978.00 |
-$1,020,002.00 |
-$0.00 |
$1,843,976.00 |
| 26 |
$3,007,230.00 |
-$1,073,005.00 |
-$0.00 |
$1,934,225.00 |
| 27 |
$3,157,562.00 |
-$1,128,628.00 |
-$0.00 |
$2,028,934.00 |
| 28 |
$3,315,446.00 |
-$1,187,045.00 |
-$0.00 |
$2,128,401.00 |
| 29 |
$3,481,236.00 |
-$1,248,388.00 |
-$0.00 |
$2,232,848.00 |
| 30 |
$3,655,286.00 |
-$1,312,786.00 |
-$0.00 |
$2,342,500.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$59,000,000.00 |
-$21,830,000.00 |
-$0.00 |
$37,170,000.00 |
|
