| Cash Option ($164 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $164,000,000.00 |
-$60,640,330.00 |
-$0.00 |
$103,359,670.00 |
| Annuity ($355 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$5,343,105.00 |
-$1,937,279.00 |
-$0.00 |
$3,405,826.00 |
| 2 |
$5,610,420.00 |
-$2,036,186.00 |
-$0.00 |
$3,574,234.00 |
| 3 |
$5,890,870.00 |
-$2,139,952.00 |
-$0.00 |
$3,750,918.00 |
| 4 |
$6,185,520.00 |
-$2,248,973.00 |
-$0.00 |
$3,936,547.00 |
| 5 |
$6,494,725.00 |
-$2,363,379.00 |
-$0.00 |
$4,131,346.00 |
| 6 |
$6,819,550.00 |
-$2,483,564.00 |
-$0.00 |
$4,335,986.00 |
| 7 |
$7,160,350.00 |
-$2,609,660.00 |
-$0.00 |
$4,550,690.00 |
| 8 |
$7,518,545.00 |
-$2,742,192.00 |
-$0.00 |
$4,776,353.00 |
| 9 |
$7,894,490.00 |
-$2,881,292.00 |
-$0.00 |
$5,013,198.00 |
| 10 |
$8,289,250.00 |
-$3,027,353.00 |
-$0.00 |
$5,261,897.00 |
| 11 |
$8,703,535.00 |
-$3,180,638.00 |
-$0.00 |
$5,522,897.00 |
| 12 |
$9,138,765.00 |
-$3,341,673.00 |
-$0.00 |
$5,797,092.00 |
| 13 |
$9,595,650.00 |
-$3,510,721.00 |
-$0.00 |
$6,084,929.00 |
| 14 |
$10,075,610.00 |
-$3,688,306.00 |
-$0.00 |
$6,387,304.00 |
| 15 |
$10,579,355.00 |
-$3,874,692.00 |
-$0.00 |
$6,704,663.00 |
| 16 |
$11,108,305.00 |
-$4,070,403.00 |
-$0.00 |
$7,037,902.00 |
| 17 |
$11,663,525.00 |
-$4,275,835.00 |
-$0.00 |
$7,387,690.00 |
| 18 |
$12,246,790.00 |
-$4,491,643.00 |
-$0.00 |
$7,755,147.00 |
| 19 |
$12,859,165.00 |
-$4,718,221.00 |
-$0.00 |
$8,140,944.00 |
| 20 |
$13,502,070.00 |
-$4,956,096.00 |
-$0.00 |
$8,545,974.00 |
| 21 |
$14,177,280.00 |
-$5,205,924.00 |
-$0.00 |
$8,971,356.00 |
| 22 |
$14,886,215.00 |
-$5,468,230.00 |
-$0.00 |
$9,417,985.00 |
| 23 |
$15,630,295.00 |
-$5,743,540.00 |
-$0.00 |
$9,886,755.00 |
| 24 |
$16,412,005.00 |
-$6,032,772.00 |
-$0.00 |
$10,379,233.00 |
| 25 |
$17,232,410.00 |
-$6,336,322.00 |
-$0.00 |
$10,896,088.00 |
| 26 |
$18,094,350.00 |
-$6,655,240.00 |
-$0.00 |
$11,439,110.00 |
| 27 |
$18,998,890.00 |
-$6,989,920.00 |
-$0.00 |
$12,008,970.00 |
| 28 |
$19,948,870.00 |
-$7,341,412.00 |
-$0.00 |
$12,607,458.00 |
| 29 |
$20,946,420.00 |
-$7,710,506.00 |
-$0.00 |
$13,235,914.00 |
| 30 |
$21,993,670.00 |
-$8,097,988.00 |
-$0.00 |
$13,895,682.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$355,000,000.00 |
-$131,350,000.00 |
-$0.00 |
$223,650,000.00 |
|
