| Cash Option ($221 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $221,000,000.00 |
-$81,730,330.00 |
-$0.00 |
$139,269,670.00 |
| Annuity ($498 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$7,495,398.00 |
-$2,733,628.00 |
-$0.00 |
$4,761,770.00 |
| 2 |
$7,870,392.00 |
-$2,872,375.00 |
-$0.00 |
$4,998,017.00 |
| 3 |
$8,263,812.00 |
-$3,017,941.00 |
-$0.00 |
$5,245,871.00 |
| 4 |
$8,677,152.00 |
-$3,170,877.00 |
-$0.00 |
$5,506,275.00 |
| 5 |
$9,110,910.00 |
-$3,331,367.00 |
-$0.00 |
$5,779,543.00 |
| 6 |
$9,566,580.00 |
-$3,499,965.00 |
-$0.00 |
$6,066,615.00 |
| 7 |
$10,044,660.00 |
-$3,676,855.00 |
-$0.00 |
$6,367,805.00 |
| 8 |
$10,547,142.00 |
-$3,862,773.00 |
-$0.00 |
$6,684,369.00 |
| 9 |
$11,074,524.00 |
-$4,057,904.00 |
-$0.00 |
$7,016,620.00 |
| 10 |
$11,628,300.00 |
-$4,262,801.00 |
-$0.00 |
$7,365,499.00 |
| 11 |
$12,209,466.00 |
-$4,477,833.00 |
-$0.00 |
$7,731,633.00 |
| 12 |
$12,820,014.00 |
-$4,703,736.00 |
-$0.00 |
$8,116,278.00 |
| 13 |
$13,460,940.00 |
-$4,940,878.00 |
-$0.00 |
$8,520,062.00 |
| 14 |
$14,134,236.00 |
-$5,189,998.00 |
-$0.00 |
$8,944,238.00 |
| 15 |
$14,840,898.00 |
-$5,451,463.00 |
-$0.00 |
$9,389,435.00 |
| 16 |
$15,582,918.00 |
-$5,726,010.00 |
-$0.00 |
$9,856,908.00 |
| 17 |
$16,361,790.00 |
-$6,014,193.00 |
-$0.00 |
$10,347,597.00 |
| 18 |
$17,180,004.00 |
-$6,316,932.00 |
-$0.00 |
$10,863,072.00 |
| 19 |
$18,039,054.00 |
-$6,634,780.00 |
-$0.00 |
$11,404,274.00 |
| 20 |
$18,940,932.00 |
-$6,968,475.00 |
-$0.00 |
$11,972,457.00 |
| 21 |
$19,888,128.00 |
-$7,318,938.00 |
-$0.00 |
$12,569,190.00 |
| 22 |
$20,882,634.00 |
-$7,686,905.00 |
-$0.00 |
$13,195,729.00 |
| 23 |
$21,926,442.00 |
-$8,073,114.00 |
-$0.00 |
$13,853,328.00 |
| 24 |
$23,023,038.00 |
-$8,478,854.00 |
-$0.00 |
$14,544,184.00 |
| 25 |
$24,173,916.00 |
-$8,904,679.00 |
-$0.00 |
$15,269,237.00 |
| 26 |
$25,383,060.00 |
-$9,352,063.00 |
-$0.00 |
$16,030,997.00 |
| 27 |
$26,651,964.00 |
-$9,821,557.00 |
-$0.00 |
$16,830,407.00 |
| 28 |
$27,984,612.00 |
-$10,314,637.00 |
-$0.00 |
$17,669,975.00 |
| 29 |
$29,383,992.00 |
-$10,832,407.00 |
-$0.00 |
$18,551,585.00 |
| 30 |
$30,853,092.00 |
-$11,375,974.00 |
-$0.00 |
$19,477,118.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$498,000,000.00 |
-$184,260,000.00 |
-$0.00 |
$313,740,000.00 |
|
