| Cash Option ($196.5 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $196,500,000.00 |
-$72,665,330.00 |
-$0.00 |
$123,834,670.00 |
| Annuity ($423 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$6,366,573.00 |
-$2,315,962.00 |
-$0.00 |
$4,050,611.00 |
| 2 |
$6,685,092.00 |
-$2,433,814.00 |
-$0.00 |
$4,251,278.00 |
| 3 |
$7,019,262.00 |
-$2,557,457.00 |
-$0.00 |
$4,461,805.00 |
| 4 |
$7,370,352.00 |
-$2,687,361.00 |
-$0.00 |
$4,682,991.00 |
| 5 |
$7,738,785.00 |
-$2,823,681.00 |
-$0.00 |
$4,915,104.00 |
| 6 |
$8,125,830.00 |
-$2,966,887.00 |
-$0.00 |
$5,158,943.00 |
| 7 |
$8,531,910.00 |
-$3,117,137.00 |
-$0.00 |
$5,414,773.00 |
| 8 |
$8,958,717.00 |
-$3,275,056.00 |
-$0.00 |
$5,683,661.00 |
| 9 |
$9,406,674.00 |
-$3,440,800.00 |
-$0.00 |
$5,965,874.00 |
| 10 |
$9,877,050.00 |
-$3,614,839.00 |
-$0.00 |
$6,262,211.00 |
| 11 |
$10,370,691.00 |
-$3,797,486.00 |
-$0.00 |
$6,573,205.00 |
| 12 |
$10,889,289.00 |
-$3,989,367.00 |
-$0.00 |
$6,899,922.00 |
| 13 |
$11,433,690.00 |
-$4,190,796.00 |
-$0.00 |
$7,242,894.00 |
| 14 |
$12,005,586.00 |
-$4,402,397.00 |
-$0.00 |
$7,603,189.00 |
| 15 |
$12,605,823.00 |
-$4,624,485.00 |
-$0.00 |
$7,981,338.00 |
| 16 |
$13,236,093.00 |
-$4,857,685.00 |
-$0.00 |
$8,378,408.00 |
| 17 |
$13,897,665.00 |
-$5,102,466.00 |
-$0.00 |
$8,795,199.00 |
| 18 |
$14,592,654.00 |
-$5,359,612.00 |
-$0.00 |
$9,233,042.00 |
| 19 |
$15,322,329.00 |
-$5,629,592.00 |
-$0.00 |
$9,692,737.00 |
| 20 |
$16,088,382.00 |
-$5,913,032.00 |
-$0.00 |
$10,175,350.00 |
| 21 |
$16,892,928.00 |
-$6,210,714.00 |
-$0.00 |
$10,682,214.00 |
| 22 |
$17,737,659.00 |
-$6,523,264.00 |
-$0.00 |
$11,214,395.00 |
| 23 |
$18,624,267.00 |
-$6,851,309.00 |
-$0.00 |
$11,772,958.00 |
| 24 |
$19,555,713.00 |
-$7,195,944.00 |
-$0.00 |
$12,359,769.00 |
| 25 |
$20,533,266.00 |
-$7,557,639.00 |
-$0.00 |
$12,975,627.00 |
| 26 |
$21,560,310.00 |
-$7,937,645.00 |
-$0.00 |
$13,622,665.00 |
| 27 |
$22,638,114.00 |
-$8,336,433.00 |
-$0.00 |
$14,301,681.00 |
| 28 |
$23,770,062.00 |
-$8,755,253.00 |
-$0.00 |
$15,014,809.00 |
| 29 |
$24,958,692.00 |
-$9,195,046.00 |
-$0.00 |
$15,763,646.00 |
| 30 |
$26,206,542.00 |
-$9,656,751.00 |
-$0.00 |
$16,549,791.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$423,000,000.00 |
-$156,510,000.00 |
-$0.00 |
$266,490,000.00 |
|
