| Cash Option ($32 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $32,000,000.00 |
-$11,800,330.00 |
-$0.00 |
$20,199,670.00 |
| Annuity ($70 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$1,053,570.00 |
-$350,151.00 |
-$0.00 |
$703,419.00 |
| 2 |
$1,106,280.00 |
-$369,654.00 |
-$0.00 |
$736,626.00 |
| 3 |
$1,161,580.00 |
-$390,115.00 |
-$0.00 |
$771,465.00 |
| 4 |
$1,219,680.00 |
-$411,612.00 |
-$0.00 |
$808,068.00 |
| 5 |
$1,280,650.00 |
-$434,171.00 |
-$0.00 |
$846,479.00 |
| 6 |
$1,344,700.00 |
-$457,869.00 |
-$0.00 |
$886,831.00 |
| 7 |
$1,411,900.00 |
-$482,733.00 |
-$0.00 |
$929,167.00 |
| 8 |
$1,482,530.00 |
-$508,866.00 |
-$0.00 |
$973,664.00 |
| 9 |
$1,556,660.00 |
-$536,295.00 |
-$0.00 |
$1,020,365.00 |
| 10 |
$1,634,500.00 |
-$565,095.00 |
-$0.00 |
$1,069,405.00 |
| 11 |
$1,716,190.00 |
-$595,321.00 |
-$0.00 |
$1,120,869.00 |
| 12 |
$1,802,010.00 |
-$627,074.00 |
-$0.00 |
$1,174,936.00 |
| 13 |
$1,892,100.00 |
-$660,407.00 |
-$0.00 |
$1,231,693.00 |
| 14 |
$1,986,740.00 |
-$695,424.00 |
-$0.00 |
$1,291,316.00 |
| 15 |
$2,086,070.00 |
-$732,176.00 |
-$0.00 |
$1,353,894.00 |
| 16 |
$2,190,370.00 |
-$770,767.00 |
-$0.00 |
$1,419,603.00 |
| 17 |
$2,299,850.00 |
-$811,275.00 |
-$0.00 |
$1,488,575.00 |
| 18 |
$2,414,860.00 |
-$853,829.00 |
-$0.00 |
$1,561,031.00 |
| 19 |
$2,535,610.00 |
-$898,506.00 |
-$0.00 |
$1,637,104.00 |
| 20 |
$2,662,380.00 |
-$945,411.00 |
-$0.00 |
$1,716,969.00 |
| 21 |
$2,795,520.00 |
-$994,673.00 |
-$0.00 |
$1,800,847.00 |
| 22 |
$2,935,310.00 |
-$1,046,395.00 |
-$0.00 |
$1,888,915.00 |
| 23 |
$3,082,030.00 |
-$1,100,681.00 |
-$0.00 |
$1,981,349.00 |
| 24 |
$3,236,170.00 |
-$1,157,713.00 |
-$0.00 |
$2,078,457.00 |
| 25 |
$3,397,940.00 |
-$1,217,568.00 |
-$0.00 |
$2,180,372.00 |
| 26 |
$3,567,900.00 |
-$1,280,453.00 |
-$0.00 |
$2,287,447.00 |
| 27 |
$3,746,260.00 |
-$1,346,447.00 |
-$0.00 |
$2,399,813.00 |
| 28 |
$3,933,580.00 |
-$1,415,755.00 |
-$0.00 |
$2,517,825.00 |
| 29 |
$4,130,280.00 |
-$1,488,534.00 |
-$0.00 |
$2,641,746.00 |
| 30 |
$4,336,780.00 |
-$1,564,939.00 |
-$0.00 |
$2,771,841.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$70,000,000.00 |
-$25,900,000.00 |
-$0.00 |
$44,100,000.00 |
|
