| Cash Option ($277.6 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $277,600,000.00 |
-$102,672,330.00 |
-$0.00 |
$174,927,670.00 |
| Annuity ($593 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$8,925,243.00 |
-$3,262,670.00 |
-$0.00 |
$5,662,573.00 |
| 2 |
$9,371,772.00 |
-$3,427,886.00 |
-$0.00 |
$5,943,886.00 |
| 3 |
$9,840,242.00 |
-$3,601,220.00 |
-$0.00 |
$6,239,022.00 |
| 4 |
$10,332,432.00 |
-$3,783,330.00 |
-$0.00 |
$6,549,102.00 |
| 5 |
$10,848,935.00 |
-$3,974,436.00 |
-$0.00 |
$6,874,499.00 |
| 6 |
$11,391,530.00 |
-$4,175,196.00 |
-$0.00 |
$7,216,334.00 |
| 7 |
$11,960,810.00 |
-$4,385,830.00 |
-$0.00 |
$7,574,980.00 |
| 8 |
$12,559,147.00 |
-$4,607,215.00 |
-$0.00 |
$7,951,932.00 |
| 9 |
$13,187,134.00 |
-$4,839,570.00 |
-$0.00 |
$8,347,564.00 |
| 10 |
$13,846,550.00 |
-$5,083,554.00 |
-$0.00 |
$8,762,996.00 |
| 11 |
$14,538,581.00 |
-$5,339,605.00 |
-$0.00 |
$9,198,976.00 |
| 12 |
$15,265,599.00 |
-$5,608,602.00 |
-$0.00 |
$9,656,997.00 |
| 13 |
$16,028,790.00 |
-$5,890,983.00 |
-$0.00 |
$10,137,807.00 |
| 14 |
$16,830,526.00 |
-$6,187,625.00 |
-$0.00 |
$10,642,901.00 |
| 15 |
$17,671,993.00 |
-$6,498,968.00 |
-$0.00 |
$11,173,025.00 |
| 16 |
$18,555,563.00 |
-$6,825,889.00 |
-$0.00 |
$11,729,674.00 |
| 17 |
$19,483,015.00 |
-$7,169,046.00 |
-$0.00 |
$12,313,969.00 |
| 18 |
$20,457,314.00 |
-$7,529,537.00 |
-$0.00 |
$12,927,777.00 |
| 19 |
$21,480,239.00 |
-$7,908,019.00 |
-$0.00 |
$13,572,220.00 |
| 20 |
$22,554,162.00 |
-$8,305,370.00 |
-$0.00 |
$14,248,792.00 |
| 21 |
$23,682,048.00 |
-$8,722,688.00 |
-$0.00 |
$14,959,360.00 |
| 22 |
$24,866,269.00 |
-$9,160,850.00 |
-$0.00 |
$15,705,419.00 |
| 23 |
$26,109,197.00 |
-$9,620,733.00 |
-$0.00 |
$16,488,464.00 |
| 24 |
$27,414,983.00 |
-$10,103,874.00 |
-$0.00 |
$17,311,109.00 |
| 25 |
$28,785,406.00 |
-$10,610,931.00 |
-$0.00 |
$18,174,475.00 |
| 26 |
$30,225,210.00 |
-$11,143,658.00 |
-$0.00 |
$19,081,552.00 |
| 27 |
$31,736,174.00 |
-$11,702,715.00 |
-$0.00 |
$20,033,459.00 |
| 28 |
$33,323,042.00 |
-$12,289,856.00 |
-$0.00 |
$21,033,186.00 |
| 29 |
$34,989,372.00 |
-$12,906,398.00 |
-$0.00 |
$22,082,974.00 |
| 30 |
$36,738,722.00 |
-$13,553,658.00 |
-$0.00 |
$23,185,064.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$593,000,000.00 |
-$219,410,000.00 |
-$0.00 |
$373,590,000.00 |
|
