| Cash Option ($203.9 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $203,900,000.00 |
-$75,403,330.00 |
-$0.00 |
$128,496,670.00 |
| Annuity ($449 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$6,757,899.00 |
-$2,460,753.00 |
-$0.00 |
$4,297,146.00 |
| 2 |
$7,095,996.00 |
-$2,585,849.00 |
-$0.00 |
$4,510,147.00 |
| 3 |
$7,450,706.00 |
-$2,717,092.00 |
-$0.00 |
$4,733,614.00 |
| 4 |
$7,823,376.00 |
-$2,854,980.00 |
-$0.00 |
$4,968,396.00 |
| 5 |
$8,214,455.00 |
-$2,999,679.00 |
-$0.00 |
$5,214,776.00 |
| 6 |
$8,625,290.00 |
-$3,151,688.00 |
-$0.00 |
$5,473,602.00 |
| 7 |
$9,056,330.00 |
-$3,311,172.00 |
-$0.00 |
$5,745,158.00 |
| 8 |
$9,509,371.00 |
-$3,478,798.00 |
-$0.00 |
$6,030,573.00 |
| 9 |
$9,984,862.00 |
-$3,654,729.00 |
-$0.00 |
$6,330,133.00 |
| 10 |
$10,484,150.00 |
-$3,839,466.00 |
-$0.00 |
$6,644,684.00 |
| 11 |
$11,008,133.00 |
-$4,033,340.00 |
-$0.00 |
$6,974,793.00 |
| 12 |
$11,558,607.00 |
-$4,237,015.00 |
-$0.00 |
$7,321,592.00 |
| 13 |
$12,136,470.00 |
-$4,450,824.00 |
-$0.00 |
$7,685,646.00 |
| 14 |
$12,743,518.00 |
-$4,675,432.00 |
-$0.00 |
$8,068,086.00 |
| 15 |
$13,380,649.00 |
-$4,911,171.00 |
-$0.00 |
$8,469,478.00 |
| 16 |
$14,049,659.00 |
-$5,158,704.00 |
-$0.00 |
$8,890,955.00 |
| 17 |
$14,751,895.00 |
-$5,418,532.00 |
-$0.00 |
$9,333,363.00 |
| 18 |
$15,489,602.00 |
-$5,691,483.00 |
-$0.00 |
$9,798,119.00 |
| 19 |
$16,264,127.00 |
-$5,978,057.00 |
-$0.00 |
$10,286,070.00 |
| 20 |
$17,077,266.00 |
-$6,278,919.00 |
-$0.00 |
$10,798,347.00 |
| 21 |
$17,931,264.00 |
-$6,594,898.00 |
-$0.00 |
$11,336,366.00 |
| 22 |
$18,827,917.00 |
-$6,926,660.00 |
-$0.00 |
$11,901,257.00 |
| 23 |
$19,769,021.00 |
-$7,274,868.00 |
-$0.00 |
$12,494,153.00 |
| 24 |
$20,757,719.00 |
-$7,640,686.00 |
-$0.00 |
$13,117,033.00 |
| 25 |
$21,795,358.00 |
-$8,024,613.00 |
-$0.00 |
$13,770,745.00 |
| 26 |
$22,885,530.00 |
-$8,427,976.00 |
-$0.00 |
$14,457,554.00 |
| 27 |
$24,029,582.00 |
-$8,851,276.00 |
-$0.00 |
$15,178,306.00 |
| 28 |
$25,231,106.00 |
-$9,295,840.00 |
-$0.00 |
$15,935,266.00 |
| 29 |
$26,492,796.00 |
-$9,762,665.00 |
-$0.00 |
$16,730,131.00 |
| 30 |
$27,817,346.00 |
-$10,252,748.00 |
-$0.00 |
$17,564,598.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$449,000,000.00 |
-$166,130,000.00 |
-$0.00 |
$282,870,000.00 |
|
