| Cash Option ($185.6 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $185,600,000.00 |
-$68,632,330.00 |
-$0.00 |
$116,967,670.00 |
| Annuity ($400 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$6,020,400.00 |
-$2,187,878.00 |
-$0.00 |
$3,832,522.00 |
| 2 |
$6,321,600.00 |
-$2,299,322.00 |
-$0.00 |
$4,022,278.00 |
| 3 |
$6,637,600.00 |
-$2,416,242.00 |
-$0.00 |
$4,221,358.00 |
| 4 |
$6,969,600.00 |
-$2,539,082.00 |
-$0.00 |
$4,430,518.00 |
| 5 |
$7,318,000.00 |
-$2,667,990.00 |
-$0.00 |
$4,650,010.00 |
| 6 |
$7,684,000.00 |
-$2,803,410.00 |
-$0.00 |
$4,880,590.00 |
| 7 |
$8,068,000.00 |
-$2,945,490.00 |
-$0.00 |
$5,122,510.00 |
| 8 |
$8,471,600.00 |
-$3,094,822.00 |
-$0.00 |
$5,376,778.00 |
| 9 |
$8,895,200.00 |
-$3,251,554.00 |
-$0.00 |
$5,643,646.00 |
| 10 |
$9,340,000.00 |
-$3,416,130.00 |
-$0.00 |
$5,923,870.00 |
| 11 |
$9,806,800.00 |
-$3,588,846.00 |
-$0.00 |
$6,217,954.00 |
| 12 |
$10,297,200.00 |
-$3,770,294.00 |
-$0.00 |
$6,526,906.00 |
| 13 |
$10,812,000.00 |
-$3,960,770.00 |
-$0.00 |
$6,851,230.00 |
| 14 |
$11,352,800.00 |
-$4,160,866.00 |
-$0.00 |
$7,191,934.00 |
| 15 |
$11,920,400.00 |
-$4,370,878.00 |
-$0.00 |
$7,549,522.00 |
| 16 |
$12,516,400.00 |
-$4,591,398.00 |
-$0.00 |
$7,925,002.00 |
| 17 |
$13,142,000.00 |
-$4,822,870.00 |
-$0.00 |
$8,319,130.00 |
| 18 |
$13,799,200.00 |
-$5,066,034.00 |
-$0.00 |
$8,733,166.00 |
| 19 |
$14,489,200.00 |
-$5,321,334.00 |
-$0.00 |
$9,167,866.00 |
| 20 |
$15,213,600.00 |
-$5,589,362.00 |
-$0.00 |
$9,624,238.00 |
| 21 |
$15,974,400.00 |
-$5,870,858.00 |
-$0.00 |
$10,103,542.00 |
| 22 |
$16,773,200.00 |
-$6,166,414.00 |
-$0.00 |
$10,606,786.00 |
| 23 |
$17,611,600.00 |
-$6,476,622.00 |
-$0.00 |
$11,134,978.00 |
| 24 |
$18,492,400.00 |
-$6,802,518.00 |
-$0.00 |
$11,689,882.00 |
| 25 |
$19,416,800.00 |
-$7,144,546.00 |
-$0.00 |
$12,272,254.00 |
| 26 |
$20,388,000.00 |
-$7,503,890.00 |
-$0.00 |
$12,884,110.00 |
| 27 |
$21,407,200.00 |
-$7,880,994.00 |
-$0.00 |
$13,526,206.00 |
| 28 |
$22,477,600.00 |
-$8,277,042.00 |
-$0.00 |
$14,200,558.00 |
| 29 |
$23,601,600.00 |
-$8,692,922.00 |
-$0.00 |
$14,908,678.00 |
| 30 |
$24,781,600.00 |
-$9,129,522.00 |
-$0.00 |
$15,652,078.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$400,000,000.00 |
-$148,000,000.00 |
-$0.00 |
$252,000,000.00 |
|
