Cash Option ($77.1 Million) |
Gross Cash Payment |
37% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$77,100,000.00 |
-$28,487,330.00 |
-$0.00 |
$48,612,670.00 |
Annuity ($168 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
37% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$2,528,568.00 |
-$895,901.00 |
-$0.00 |
$1,632,667.00 |
2 |
$2,655,072.00 |
-$942,707.00 |
-$0.00 |
$1,712,365.00 |
3 |
$2,787,792.00 |
-$991,813.00 |
-$0.00 |
$1,795,979.00 |
4 |
$2,927,232.00 |
-$1,043,406.00 |
-$0.00 |
$1,883,826.00 |
5 |
$3,073,560.00 |
-$1,097,548.00 |
-$0.00 |
$1,976,012.00 |
6 |
$3,227,280.00 |
-$1,154,424.00 |
-$0.00 |
$2,072,856.00 |
7 |
$3,388,560.00 |
-$1,214,098.00 |
-$0.00 |
$2,174,462.00 |
8 |
$3,558,072.00 |
-$1,276,817.00 |
-$0.00 |
$2,281,255.00 |
9 |
$3,735,984.00 |
-$1,342,644.00 |
-$0.00 |
$2,393,340.00 |
10 |
$3,922,800.00 |
-$1,411,766.00 |
-$0.00 |
$2,511,034.00 |
11 |
$4,118,856.00 |
-$1,484,307.00 |
-$0.00 |
$2,634,549.00 |
12 |
$4,324,824.00 |
-$1,560,515.00 |
-$0.00 |
$2,764,309.00 |
13 |
$4,541,040.00 |
-$1,640,515.00 |
-$0.00 |
$2,900,525.00 |
14 |
$4,768,176.00 |
-$1,724,556.00 |
-$0.00 |
$3,043,620.00 |
15 |
$5,006,568.00 |
-$1,812,761.00 |
-$0.00 |
$3,193,807.00 |
16 |
$5,256,888.00 |
-$1,905,379.00 |
-$0.00 |
$3,351,509.00 |
17 |
$5,519,640.00 |
-$2,002,597.00 |
-$0.00 |
$3,517,043.00 |
18 |
$5,795,664.00 |
-$2,104,726.00 |
-$0.00 |
$3,690,938.00 |
19 |
$6,085,464.00 |
-$2,211,952.00 |
-$0.00 |
$3,873,512.00 |
20 |
$6,389,712.00 |
-$2,324,524.00 |
-$0.00 |
$4,065,188.00 |
21 |
$6,709,248.00 |
-$2,442,752.00 |
-$0.00 |
$4,266,496.00 |
22 |
$7,044,744.00 |
-$2,566,886.00 |
-$0.00 |
$4,477,858.00 |
23 |
$7,396,872.00 |
-$2,697,173.00 |
-$0.00 |
$4,699,699.00 |
24 |
$7,766,808.00 |
-$2,834,049.00 |
-$0.00 |
$4,932,759.00 |
25 |
$8,155,056.00 |
-$2,977,701.00 |
-$0.00 |
$5,177,355.00 |
26 |
$8,562,960.00 |
-$3,128,626.00 |
-$0.00 |
$5,434,334.00 |
27 |
$8,991,024.00 |
-$3,287,009.00 |
-$0.00 |
$5,704,015.00 |
28 |
$9,440,592.00 |
-$3,453,349.00 |
-$0.00 |
$5,987,243.00 |
29 |
$9,912,672.00 |
-$3,628,019.00 |
-$0.00 |
$6,284,653.00 |
30 |
$10,408,272.00 |
-$3,811,391.00 |
-$0.00 |
$6,596,881.00 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$168,000,000.00 |
-$62,160,000.00 |
-$0.00 |
$105,840,000.00 |
|