| Cash Option ($316.3 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $316,300,000.00 |
-$116,991,330.00 |
-$0.00 |
$199,308,670.00 |
| Annuity ($700 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$10,535,700.00 |
-$3,858,539.00 |
-$0.00 |
$6,677,161.00 |
| 2 |
$11,062,800.00 |
-$4,053,566.00 |
-$0.00 |
$7,009,234.00 |
| 3 |
$11,615,800.00 |
-$4,258,176.00 |
-$0.00 |
$7,357,624.00 |
| 4 |
$12,196,800.00 |
-$4,473,146.00 |
-$0.00 |
$7,723,654.00 |
| 5 |
$12,806,500.00 |
-$4,698,735.00 |
-$0.00 |
$8,107,765.00 |
| 6 |
$13,447,000.00 |
-$4,935,720.00 |
-$0.00 |
$8,511,280.00 |
| 7 |
$14,119,000.00 |
-$5,184,360.00 |
-$0.00 |
$8,934,640.00 |
| 8 |
$14,825,300.00 |
-$5,445,691.00 |
-$0.00 |
$9,379,609.00 |
| 9 |
$15,566,600.00 |
-$5,719,972.00 |
-$0.00 |
$9,846,628.00 |
| 10 |
$16,345,000.00 |
-$6,007,980.00 |
-$0.00 |
$10,337,020.00 |
| 11 |
$17,161,900.00 |
-$6,310,233.00 |
-$0.00 |
$10,851,667.00 |
| 12 |
$18,020,100.00 |
-$6,627,767.00 |
-$0.00 |
$11,392,333.00 |
| 13 |
$18,921,000.00 |
-$6,961,100.00 |
-$0.00 |
$11,959,900.00 |
| 14 |
$19,867,400.00 |
-$7,311,268.00 |
-$0.00 |
$12,556,132.00 |
| 15 |
$20,860,700.00 |
-$7,678,789.00 |
-$0.00 |
$13,181,911.00 |
| 16 |
$21,903,700.00 |
-$8,064,699.00 |
-$0.00 |
$13,839,001.00 |
| 17 |
$22,998,500.00 |
-$8,469,775.00 |
-$0.00 |
$14,528,725.00 |
| 18 |
$24,148,600.00 |
-$8,895,312.00 |
-$0.00 |
$15,253,288.00 |
| 19 |
$25,356,100.00 |
-$9,342,087.00 |
-$0.00 |
$16,014,013.00 |
| 20 |
$26,623,800.00 |
-$9,811,136.00 |
-$0.00 |
$16,812,664.00 |
| 21 |
$27,955,200.00 |
-$10,303,754.00 |
-$0.00 |
$17,651,446.00 |
| 22 |
$29,353,100.00 |
-$10,820,977.00 |
-$0.00 |
$18,532,123.00 |
| 23 |
$30,820,300.00 |
-$11,363,841.00 |
-$0.00 |
$19,456,459.00 |
| 24 |
$32,361,700.00 |
-$11,934,159.00 |
-$0.00 |
$20,427,541.00 |
| 25 |
$33,979,400.00 |
-$12,532,708.00 |
-$0.00 |
$21,446,692.00 |
| 26 |
$35,679,000.00 |
-$13,161,560.00 |
-$0.00 |
$22,517,440.00 |
| 27 |
$37,462,600.00 |
-$13,821,492.00 |
-$0.00 |
$23,641,108.00 |
| 28 |
$39,335,800.00 |
-$14,514,576.00 |
-$0.00 |
$24,821,224.00 |
| 29 |
$41,302,800.00 |
-$15,242,366.00 |
-$0.00 |
$26,060,434.00 |
| 30 |
$43,367,800.00 |
-$16,006,416.00 |
-$0.00 |
$27,361,384.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$700,000,000.00 |
-$259,000,000.00 |
-$0.00 |
$441,000,000.00 |
|
