| Cash Option ($429.4 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $429,400,000.00 |
-$158,838,330.00 |
-$0.00 |
$270,561,670.00 |
| Annuity ($944 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$14,208,144.00 |
-$5,217,344.00 |
-$0.00 |
$8,990,800.00 |
| 2 |
$14,918,976.00 |
-$5,480,352.00 |
-$0.00 |
$9,438,624.00 |
| 3 |
$15,664,736.00 |
-$5,756,283.00 |
-$0.00 |
$9,908,453.00 |
| 4 |
$16,448,256.00 |
-$6,046,185.00 |
-$0.00 |
$10,402,071.00 |
| 5 |
$17,270,480.00 |
-$6,350,408.00 |
-$0.00 |
$10,920,072.00 |
| 6 |
$18,134,240.00 |
-$6,669,999.00 |
-$0.00 |
$11,464,241.00 |
| 7 |
$19,040,480.00 |
-$7,005,308.00 |
-$0.00 |
$12,035,172.00 |
| 8 |
$19,992,976.00 |
-$7,357,732.00 |
-$0.00 |
$12,635,244.00 |
| 9 |
$20,992,672.00 |
-$7,727,619.00 |
-$0.00 |
$13,265,053.00 |
| 10 |
$22,042,400.00 |
-$8,116,018.00 |
-$0.00 |
$13,926,382.00 |
| 11 |
$23,144,048.00 |
-$8,523,628.00 |
-$0.00 |
$14,620,420.00 |
| 12 |
$24,301,392.00 |
-$8,951,845.00 |
-$0.00 |
$15,349,547.00 |
| 13 |
$25,516,320.00 |
-$9,401,369.00 |
-$0.00 |
$16,114,951.00 |
| 14 |
$26,792,608.00 |
-$9,873,595.00 |
-$0.00 |
$16,919,013.00 |
| 15 |
$28,132,144.00 |
-$10,369,224.00 |
-$0.00 |
$17,762,920.00 |
| 16 |
$29,538,704.00 |
-$10,889,651.00 |
-$0.00 |
$18,649,053.00 |
| 17 |
$31,015,120.00 |
-$11,435,925.00 |
-$0.00 |
$19,579,195.00 |
| 18 |
$32,566,112.00 |
-$12,009,792.00 |
-$0.00 |
$20,556,320.00 |
| 19 |
$34,194,512.00 |
-$12,612,300.00 |
-$0.00 |
$21,582,212.00 |
| 20 |
$35,904,096.00 |
-$13,244,846.00 |
-$0.00 |
$22,659,250.00 |
| 21 |
$37,699,584.00 |
-$13,909,176.00 |
-$0.00 |
$23,790,408.00 |
| 22 |
$39,584,752.00 |
-$14,606,689.00 |
-$0.00 |
$24,978,063.00 |
| 23 |
$41,563,376.00 |
-$15,338,780.00 |
-$0.00 |
$26,224,596.00 |
| 24 |
$43,642,064.00 |
-$16,107,894.00 |
-$0.00 |
$27,534,170.00 |
| 25 |
$45,823,648.00 |
-$16,915,080.00 |
-$0.00 |
$28,908,568.00 |
| 26 |
$48,115,680.00 |
-$17,763,132.00 |
-$0.00 |
$30,352,548.00 |
| 27 |
$50,520,992.00 |
-$18,653,097.00 |
-$0.00 |
$31,867,895.00 |
| 28 |
$53,047,136.00 |
-$19,587,771.00 |
-$0.00 |
$33,459,365.00 |
| 29 |
$55,699,776.00 |
-$20,569,248.00 |
-$0.00 |
$35,130,528.00 |
| 30 |
$58,484,576.00 |
-$21,599,624.00 |
-$0.00 |
$36,884,952.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$944,000,000.00 |
-$349,280,000.00 |
-$0.00 |
$594,720,000.00 |
|
