| Cash Option ($155.5 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $155,500,000.00 |
-$57,495,330.00 |
-$0.00 |
$98,004,670.00 |
| Annuity ($348 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$5,237,748.00 |
-$1,898,297.00 |
-$0.00 |
$3,339,451.00 |
| 2 |
$5,499,792.00 |
-$1,995,253.00 |
-$0.00 |
$3,504,539.00 |
| 3 |
$5,774,712.00 |
-$2,096,974.00 |
-$0.00 |
$3,677,738.00 |
| 4 |
$6,063,552.00 |
-$2,203,845.00 |
-$0.00 |
$3,859,707.00 |
| 5 |
$6,366,660.00 |
-$2,315,995.00 |
-$0.00 |
$4,050,665.00 |
| 6 |
$6,685,080.00 |
-$2,433,810.00 |
-$0.00 |
$4,251,270.00 |
| 7 |
$7,019,160.00 |
-$2,557,420.00 |
-$0.00 |
$4,461,740.00 |
| 8 |
$7,370,292.00 |
-$2,687,338.00 |
-$0.00 |
$4,682,954.00 |
| 9 |
$7,738,824.00 |
-$2,823,695.00 |
-$0.00 |
$4,915,129.00 |
| 10 |
$8,125,800.00 |
-$2,966,876.00 |
-$0.00 |
$5,158,924.00 |
| 11 |
$8,531,916.00 |
-$3,117,139.00 |
-$0.00 |
$5,414,777.00 |
| 12 |
$8,958,564.00 |
-$3,274,999.00 |
-$0.00 |
$5,683,565.00 |
| 13 |
$9,406,440.00 |
-$3,440,713.00 |
-$0.00 |
$5,965,727.00 |
| 14 |
$9,876,936.00 |
-$3,614,797.00 |
-$0.00 |
$6,262,139.00 |
| 15 |
$10,370,748.00 |
-$3,797,507.00 |
-$0.00 |
$6,573,241.00 |
| 16 |
$10,889,268.00 |
-$3,989,360.00 |
-$0.00 |
$6,899,908.00 |
| 17 |
$11,433,540.00 |
-$4,190,740.00 |
-$0.00 |
$7,242,800.00 |
| 18 |
$12,005,304.00 |
-$4,402,293.00 |
-$0.00 |
$7,603,011.00 |
| 19 |
$12,605,604.00 |
-$4,624,404.00 |
-$0.00 |
$7,981,200.00 |
| 20 |
$13,235,832.00 |
-$4,857,588.00 |
-$0.00 |
$8,378,244.00 |
| 21 |
$13,897,728.00 |
-$5,102,490.00 |
-$0.00 |
$8,795,238.00 |
| 22 |
$14,592,684.00 |
-$5,359,623.00 |
-$0.00 |
$9,233,061.00 |
| 23 |
$15,322,092.00 |
-$5,629,504.00 |
-$0.00 |
$9,692,588.00 |
| 24 |
$16,088,388.00 |
-$5,913,034.00 |
-$0.00 |
$10,175,354.00 |
| 25 |
$16,892,616.00 |
-$6,210,598.00 |
-$0.00 |
$10,682,018.00 |
| 26 |
$17,737,560.00 |
-$6,523,228.00 |
-$0.00 |
$11,214,332.00 |
| 27 |
$18,624,264.00 |
-$6,851,308.00 |
-$0.00 |
$11,772,956.00 |
| 28 |
$19,555,512.00 |
-$7,195,870.00 |
-$0.00 |
$12,359,642.00 |
| 29 |
$20,533,392.00 |
-$7,557,685.00 |
-$0.00 |
$12,975,707.00 |
| 30 |
$21,559,992.00 |
-$7,937,527.00 |
-$0.00 |
$13,622,465.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$348,000,000.00 |
-$128,760,000.00 |
-$0.00 |
$219,240,000.00 |
|
