| Cash Option ($403.6 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $403,600,000.00 |
-$149,292,330.00 |
-$0.00 |
$254,307,670.00 |
| Annuity ($875 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$13,169,625.00 |
-$4,833,092.00 |
-$0.00 |
$8,336,533.00 |
| 2 |
$13,828,500.00 |
-$5,076,875.00 |
-$0.00 |
$8,751,625.00 |
| 3 |
$14,519,750.00 |
-$5,332,638.00 |
-$0.00 |
$9,187,112.00 |
| 4 |
$15,246,000.00 |
-$5,601,350.00 |
-$0.00 |
$9,644,650.00 |
| 5 |
$16,008,125.00 |
-$5,883,337.00 |
-$0.00 |
$10,124,788.00 |
| 6 |
$16,808,750.00 |
-$6,179,568.00 |
-$0.00 |
$10,629,182.00 |
| 7 |
$17,648,750.00 |
-$6,490,368.00 |
-$0.00 |
$11,158,382.00 |
| 8 |
$18,531,625.00 |
-$6,817,032.00 |
-$0.00 |
$11,714,593.00 |
| 9 |
$19,458,250.00 |
-$7,159,883.00 |
-$0.00 |
$12,298,367.00 |
| 10 |
$20,431,250.00 |
-$7,519,893.00 |
-$0.00 |
$12,911,357.00 |
| 11 |
$21,452,375.00 |
-$7,897,709.00 |
-$0.00 |
$13,554,666.00 |
| 12 |
$22,525,125.00 |
-$8,294,627.00 |
-$0.00 |
$14,230,498.00 |
| 13 |
$23,651,250.00 |
-$8,711,293.00 |
-$0.00 |
$14,939,957.00 |
| 14 |
$24,834,250.00 |
-$9,149,003.00 |
-$0.00 |
$15,685,247.00 |
| 15 |
$26,075,875.00 |
-$9,608,404.00 |
-$0.00 |
$16,467,471.00 |
| 16 |
$27,379,625.00 |
-$10,090,792.00 |
-$0.00 |
$17,288,833.00 |
| 17 |
$28,748,125.00 |
-$10,597,137.00 |
-$0.00 |
$18,150,988.00 |
| 18 |
$30,185,750.00 |
-$11,129,058.00 |
-$0.00 |
$19,056,692.00 |
| 19 |
$31,695,125.00 |
-$11,687,527.00 |
-$0.00 |
$20,007,598.00 |
| 20 |
$33,279,750.00 |
-$12,273,838.00 |
-$0.00 |
$21,005,912.00 |
| 21 |
$34,944,000.00 |
-$12,889,610.00 |
-$0.00 |
$22,054,390.00 |
| 22 |
$36,691,375.00 |
-$13,536,139.00 |
-$0.00 |
$23,155,236.00 |
| 23 |
$38,525,375.00 |
-$14,214,719.00 |
-$0.00 |
$24,310,656.00 |
| 24 |
$40,452,125.00 |
-$14,927,617.00 |
-$0.00 |
$25,524,508.00 |
| 25 |
$42,474,250.00 |
-$15,675,803.00 |
-$0.00 |
$26,798,447.00 |
| 26 |
$44,598,750.00 |
-$16,461,868.00 |
-$0.00 |
$28,136,882.00 |
| 27 |
$46,828,250.00 |
-$17,286,783.00 |
-$0.00 |
$29,541,467.00 |
| 28 |
$49,169,750.00 |
-$18,153,138.00 |
-$0.00 |
$31,016,612.00 |
| 29 |
$51,628,500.00 |
-$19,062,875.00 |
-$0.00 |
$32,565,625.00 |
| 30 |
$54,209,750.00 |
-$20,017,938.00 |
-$0.00 |
$34,191,812.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$875,000,000.00 |
-$323,750,000.00 |
-$0.00 |
$551,250,000.00 |
|
