| Cash Option ($110.5 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $110,500,000.00 |
-$40,845,330.00 |
-$0.00 |
$69,654,670.00 |
| Annuity ($261 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$3,928,311.00 |
-$1,413,805.00 |
-$0.00 |
$2,514,506.00 |
| 2 |
$4,124,844.00 |
-$1,486,523.00 |
-$0.00 |
$2,638,321.00 |
| 3 |
$4,331,034.00 |
-$1,562,813.00 |
-$0.00 |
$2,768,221.00 |
| 4 |
$4,547,664.00 |
-$1,642,966.00 |
-$0.00 |
$2,904,698.00 |
| 5 |
$4,774,995.00 |
-$1,727,079.00 |
-$0.00 |
$3,047,916.00 |
| 6 |
$5,013,810.00 |
-$1,815,440.00 |
-$0.00 |
$3,198,370.00 |
| 7 |
$5,264,370.00 |
-$1,908,147.00 |
-$0.00 |
$3,356,223.00 |
| 8 |
$5,527,719.00 |
-$2,005,586.00 |
-$0.00 |
$3,522,133.00 |
| 9 |
$5,804,118.00 |
-$2,107,854.00 |
-$0.00 |
$3,696,264.00 |
| 10 |
$6,094,350.00 |
-$2,215,240.00 |
-$0.00 |
$3,879,110.00 |
| 11 |
$6,398,937.00 |
-$2,327,937.00 |
-$0.00 |
$4,071,000.00 |
| 12 |
$6,718,923.00 |
-$2,446,332.00 |
-$0.00 |
$4,272,591.00 |
| 13 |
$7,054,830.00 |
-$2,570,617.00 |
-$0.00 |
$4,484,213.00 |
| 14 |
$7,407,702.00 |
-$2,701,180.00 |
-$0.00 |
$4,706,522.00 |
| 15 |
$7,778,061.00 |
-$2,838,213.00 |
-$0.00 |
$4,939,848.00 |
| 16 |
$8,166,951.00 |
-$2,982,102.00 |
-$0.00 |
$5,184,849.00 |
| 17 |
$8,575,155.00 |
-$3,133,138.00 |
-$0.00 |
$5,442,017.00 |
| 18 |
$9,003,978.00 |
-$3,291,802.00 |
-$0.00 |
$5,712,176.00 |
| 19 |
$9,454,203.00 |
-$3,458,385.00 |
-$0.00 |
$5,995,818.00 |
| 20 |
$9,926,874.00 |
-$3,633,274.00 |
-$0.00 |
$6,293,600.00 |
| 21 |
$10,423,296.00 |
-$3,816,950.00 |
-$0.00 |
$6,606,346.00 |
| 22 |
$10,944,513.00 |
-$4,009,800.00 |
-$0.00 |
$6,934,713.00 |
| 23 |
$11,491,569.00 |
-$4,212,211.00 |
-$0.00 |
$7,279,358.00 |
| 24 |
$12,066,291.00 |
-$4,424,858.00 |
-$0.00 |
$7,641,433.00 |
| 25 |
$12,669,462.00 |
-$4,648,031.00 |
-$0.00 |
$8,021,431.00 |
| 26 |
$13,303,170.00 |
-$4,882,503.00 |
-$0.00 |
$8,420,667.00 |
| 27 |
$13,968,198.00 |
-$5,128,564.00 |
-$0.00 |
$8,839,634.00 |
| 28 |
$14,666,634.00 |
-$5,386,985.00 |
-$0.00 |
$9,279,649.00 |
| 29 |
$15,400,044.00 |
-$5,658,347.00 |
-$0.00 |
$9,741,697.00 |
| 30 |
$16,169,994.00 |
-$5,943,228.00 |
-$0.00 |
$10,226,766.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$261,000,000.00 |
-$96,570,000.00 |
-$0.00 |
$164,430,000.00 |
|
