| Cash Option ($62 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $62,000,000.00 |
-$22,900,330.00 |
-$0.00 |
$39,099,670.00 |
| Annuity ($140 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$2,107,140.00 |
-$739,972.00 |
-$0.00 |
$1,367,168.00 |
| 2 |
$2,212,560.00 |
-$778,978.00 |
-$0.00 |
$1,433,582.00 |
| 3 |
$2,323,160.00 |
-$819,900.00 |
-$0.00 |
$1,503,260.00 |
| 4 |
$2,439,360.00 |
-$862,894.00 |
-$0.00 |
$1,576,466.00 |
| 5 |
$2,561,300.00 |
-$908,011.00 |
-$0.00 |
$1,653,289.00 |
| 6 |
$2,689,400.00 |
-$955,408.00 |
-$0.00 |
$1,733,992.00 |
| 7 |
$2,823,800.00 |
-$1,005,136.00 |
-$0.00 |
$1,818,664.00 |
| 8 |
$2,965,060.00 |
-$1,057,403.00 |
-$0.00 |
$1,907,657.00 |
| 9 |
$3,113,320.00 |
-$1,112,259.00 |
-$0.00 |
$2,001,061.00 |
| 10 |
$3,269,000.00 |
-$1,169,860.00 |
-$0.00 |
$2,099,140.00 |
| 11 |
$3,432,380.00 |
-$1,230,311.00 |
-$0.00 |
$2,202,069.00 |
| 12 |
$3,604,020.00 |
-$1,293,818.00 |
-$0.00 |
$2,310,202.00 |
| 13 |
$3,784,200.00 |
-$1,360,484.00 |
-$0.00 |
$2,423,716.00 |
| 14 |
$3,973,480.00 |
-$1,430,518.00 |
-$0.00 |
$2,542,962.00 |
| 15 |
$4,172,140.00 |
-$1,504,022.00 |
-$0.00 |
$2,668,118.00 |
| 16 |
$4,380,740.00 |
-$1,581,204.00 |
-$0.00 |
$2,799,536.00 |
| 17 |
$4,599,700.00 |
-$1,662,219.00 |
-$0.00 |
$2,937,481.00 |
| 18 |
$4,829,720.00 |
-$1,747,327.00 |
-$0.00 |
$3,082,393.00 |
| 19 |
$5,071,220.00 |
-$1,836,682.00 |
-$0.00 |
$3,234,538.00 |
| 20 |
$5,324,760.00 |
-$1,930,492.00 |
-$0.00 |
$3,394,268.00 |
| 21 |
$5,591,040.00 |
-$2,029,015.00 |
-$0.00 |
$3,562,025.00 |
| 22 |
$5,870,620.00 |
-$2,132,460.00 |
-$0.00 |
$3,738,160.00 |
| 23 |
$6,164,060.00 |
-$2,241,033.00 |
-$0.00 |
$3,923,027.00 |
| 24 |
$6,472,340.00 |
-$2,355,096.00 |
-$0.00 |
$4,117,244.00 |
| 25 |
$6,795,880.00 |
-$2,474,806.00 |
-$0.00 |
$4,321,074.00 |
| 26 |
$7,135,800.00 |
-$2,600,576.00 |
-$0.00 |
$4,535,224.00 |
| 27 |
$7,492,520.00 |
-$2,732,563.00 |
-$0.00 |
$4,759,957.00 |
| 28 |
$7,867,160.00 |
-$2,871,180.00 |
-$0.00 |
$4,995,980.00 |
| 29 |
$8,260,560.00 |
-$3,016,738.00 |
-$0.00 |
$5,243,822.00 |
| 30 |
$8,673,560.00 |
-$3,169,548.00 |
-$0.00 |
$5,504,012.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$140,000,000.00 |
-$51,800,000.00 |
-$0.00 |
$88,200,000.00 |
|
