| Cash Option ($221.8 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $221,800,000.00 |
-$82,026,330.00 |
-$0.00 |
$139,773,670.00 |
| Annuity ($473 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$7,119,123.00 |
-$2,594,406.00 |
-$0.00 |
$4,524,717.00 |
| 2 |
$7,475,292.00 |
-$2,726,188.00 |
-$0.00 |
$4,749,104.00 |
| 3 |
$7,848,962.00 |
-$2,864,446.00 |
-$0.00 |
$4,984,516.00 |
| 4 |
$8,241,552.00 |
-$3,009,705.00 |
-$0.00 |
$5,231,847.00 |
| 5 |
$8,653,535.00 |
-$3,162,138.00 |
-$0.00 |
$5,491,397.00 |
| 6 |
$9,086,330.00 |
-$3,322,272.00 |
-$0.00 |
$5,764,058.00 |
| 7 |
$9,540,410.00 |
-$3,490,282.00 |
-$0.00 |
$6,050,128.00 |
| 8 |
$10,017,667.00 |
-$3,666,867.00 |
-$0.00 |
$6,350,800.00 |
| 9 |
$10,518,574.00 |
-$3,852,203.00 |
-$0.00 |
$6,666,371.00 |
| 10 |
$11,044,550.00 |
-$4,046,814.00 |
-$0.00 |
$6,997,736.00 |
| 11 |
$11,596,541.00 |
-$4,251,051.00 |
-$0.00 |
$7,345,490.00 |
| 12 |
$12,176,439.00 |
-$4,465,613.00 |
-$0.00 |
$7,710,826.00 |
| 13 |
$12,785,190.00 |
-$4,690,851.00 |
-$0.00 |
$8,094,339.00 |
| 14 |
$13,424,686.00 |
-$4,927,464.00 |
-$0.00 |
$8,497,222.00 |
| 15 |
$14,095,873.00 |
-$5,175,803.00 |
-$0.00 |
$8,920,070.00 |
| 16 |
$14,800,643.00 |
-$5,436,568.00 |
-$0.00 |
$9,364,075.00 |
| 17 |
$15,540,415.00 |
-$5,710,284.00 |
-$0.00 |
$9,830,131.00 |
| 18 |
$16,317,554.00 |
-$5,997,825.00 |
-$0.00 |
$10,319,729.00 |
| 19 |
$17,133,479.00 |
-$6,299,718.00 |
-$0.00 |
$10,833,761.00 |
| 20 |
$17,990,082.00 |
-$6,616,661.00 |
-$0.00 |
$11,373,421.00 |
| 21 |
$18,889,728.00 |
-$6,949,530.00 |
-$0.00 |
$11,940,198.00 |
| 22 |
$19,834,309.00 |
-$7,299,025.00 |
-$0.00 |
$12,535,284.00 |
| 23 |
$20,825,717.00 |
-$7,665,846.00 |
-$0.00 |
$13,159,871.00 |
| 24 |
$21,867,263.00 |
-$8,051,218.00 |
-$0.00 |
$13,816,045.00 |
| 25 |
$22,960,366.00 |
-$8,455,666.00 |
-$0.00 |
$14,504,700.00 |
| 26 |
$24,108,810.00 |
-$8,880,590.00 |
-$0.00 |
$15,228,220.00 |
| 27 |
$25,314,014.00 |
-$9,326,516.00 |
-$0.00 |
$15,987,498.00 |
| 28 |
$26,579,762.00 |
-$9,794,842.00 |
-$0.00 |
$16,784,920.00 |
| 29 |
$27,908,892.00 |
-$10,286,620.00 |
-$0.00 |
$17,622,272.00 |
| 30 |
$29,304,242.00 |
-$10,802,900.00 |
-$0.00 |
$18,501,342.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$473,000,000.00 |
-$175,010,000.00 |
-$0.00 |
$297,990,000.00 |
|
