| Cash Option ($198 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $198,000,000.00 |
-$73,220,330.00 |
-$0.00 |
$124,779,670.00 |
| Annuity ($419 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$6,306,369.00 |
-$2,293,687.00 |
-$0.00 |
$4,012,682.00 |
| 2 |
$6,621,876.00 |
-$2,410,425.00 |
-$0.00 |
$4,211,451.00 |
| 3 |
$6,952,886.00 |
-$2,532,898.00 |
-$0.00 |
$4,419,988.00 |
| 4 |
$7,300,656.00 |
-$2,661,573.00 |
-$0.00 |
$4,639,083.00 |
| 5 |
$7,665,605.00 |
-$2,796,604.00 |
-$0.00 |
$4,869,001.00 |
| 6 |
$8,048,990.00 |
-$2,938,457.00 |
-$0.00 |
$5,110,533.00 |
| 7 |
$8,451,230.00 |
-$3,087,285.00 |
-$0.00 |
$5,363,945.00 |
| 8 |
$8,874,001.00 |
-$3,243,711.00 |
-$0.00 |
$5,630,290.00 |
| 9 |
$9,317,722.00 |
-$3,407,888.00 |
-$0.00 |
$5,909,834.00 |
| 10 |
$9,783,650.00 |
-$3,580,281.00 |
-$0.00 |
$6,203,369.00 |
| 11 |
$10,272,623.00 |
-$3,761,201.00 |
-$0.00 |
$6,511,422.00 |
| 12 |
$10,786,317.00 |
-$3,951,268.00 |
-$0.00 |
$6,835,049.00 |
| 13 |
$11,325,570.00 |
-$4,150,791.00 |
-$0.00 |
$7,174,779.00 |
| 14 |
$11,892,058.00 |
-$4,360,392.00 |
-$0.00 |
$7,531,666.00 |
| 15 |
$12,486,619.00 |
-$4,580,379.00 |
-$0.00 |
$7,906,240.00 |
| 16 |
$13,110,929.00 |
-$4,811,374.00 |
-$0.00 |
$8,299,555.00 |
| 17 |
$13,766,245.00 |
-$5,053,841.00 |
-$0.00 |
$8,712,404.00 |
| 18 |
$14,454,662.00 |
-$5,308,555.00 |
-$0.00 |
$9,146,107.00 |
| 19 |
$15,177,437.00 |
-$5,575,982.00 |
-$0.00 |
$9,601,455.00 |
| 20 |
$15,936,246.00 |
-$5,856,741.00 |
-$0.00 |
$10,079,505.00 |
| 21 |
$16,733,184.00 |
-$6,151,608.00 |
-$0.00 |
$10,581,576.00 |
| 22 |
$17,569,927.00 |
-$6,461,203.00 |
-$0.00 |
$11,108,724.00 |
| 23 |
$18,448,151.00 |
-$6,786,146.00 |
-$0.00 |
$11,662,005.00 |
| 24 |
$19,370,789.00 |
-$7,127,522.00 |
-$0.00 |
$12,243,267.00 |
| 25 |
$20,339,098.00 |
-$7,485,797.00 |
-$0.00 |
$12,853,301.00 |
| 26 |
$21,356,430.00 |
-$7,862,209.00 |
-$0.00 |
$13,494,221.00 |
| 27 |
$22,424,042.00 |
-$8,257,226.00 |
-$0.00 |
$14,166,816.00 |
| 28 |
$23,545,286.00 |
-$8,672,086.00 |
-$0.00 |
$14,873,200.00 |
| 29 |
$24,722,676.00 |
-$9,107,721.00 |
-$0.00 |
$15,614,955.00 |
| 30 |
$25,958,726.00 |
-$9,565,059.00 |
-$0.00 |
$16,393,667.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$419,000,000.00 |
-$155,030,000.00 |
-$0.00 |
$263,970,000.00 |
|
