| Cash Option ($207 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $207,000,000.00 |
-$76,550,330.00 |
-$0.00 |
$130,449,670.00 |
| Annuity ($438 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$6,592,338.00 |
-$2,399,495.00 |
-$0.00 |
$4,192,843.00 |
| 2 |
$6,922,152.00 |
-$2,521,527.00 |
-$0.00 |
$4,400,625.00 |
| 3 |
$7,268,172.00 |
-$2,649,554.00 |
-$0.00 |
$4,618,618.00 |
| 4 |
$7,631,712.00 |
-$2,784,064.00 |
-$0.00 |
$4,847,648.00 |
| 5 |
$8,013,210.00 |
-$2,925,218.00 |
-$0.00 |
$5,087,992.00 |
| 6 |
$8,413,980.00 |
-$3,073,503.00 |
-$0.00 |
$5,340,477.00 |
| 7 |
$8,834,460.00 |
-$3,229,081.00 |
-$0.00 |
$5,605,379.00 |
| 8 |
$9,276,402.00 |
-$3,392,599.00 |
-$0.00 |
$5,883,803.00 |
| 9 |
$9,740,244.00 |
-$3,564,221.00 |
-$0.00 |
$6,176,023.00 |
| 10 |
$10,227,300.00 |
-$3,744,431.00 |
-$0.00 |
$6,482,869.00 |
| 11 |
$10,738,446.00 |
-$3,933,555.00 |
-$0.00 |
$6,804,891.00 |
| 12 |
$11,275,434.00 |
-$4,132,241.00 |
-$0.00 |
$7,143,193.00 |
| 13 |
$11,839,140.00 |
-$4,340,812.00 |
-$0.00 |
$7,498,328.00 |
| 14 |
$12,431,316.00 |
-$4,559,917.00 |
-$0.00 |
$7,871,399.00 |
| 15 |
$13,052,838.00 |
-$4,789,880.00 |
-$0.00 |
$8,262,958.00 |
| 16 |
$13,705,458.00 |
-$5,031,350.00 |
-$0.00 |
$8,674,108.00 |
| 17 |
$14,390,490.00 |
-$5,284,812.00 |
-$0.00 |
$9,105,678.00 |
| 18 |
$15,110,124.00 |
-$5,551,076.00 |
-$0.00 |
$9,559,048.00 |
| 19 |
$15,865,674.00 |
-$5,830,630.00 |
-$0.00 |
$10,035,044.00 |
| 20 |
$16,658,892.00 |
-$6,124,120.00 |
-$0.00 |
$10,534,772.00 |
| 21 |
$17,491,968.00 |
-$6,432,359.00 |
-$0.00 |
$11,059,609.00 |
| 22 |
$18,366,654.00 |
-$6,755,992.00 |
-$0.00 |
$11,610,662.00 |
| 23 |
$19,284,702.00 |
-$7,095,670.00 |
-$0.00 |
$12,189,032.00 |
| 24 |
$20,249,178.00 |
-$7,452,526.00 |
-$0.00 |
$12,796,652.00 |
| 25 |
$21,261,396.00 |
-$7,827,047.00 |
-$0.00 |
$13,434,349.00 |
| 26 |
$22,324,860.00 |
-$8,220,529.00 |
-$0.00 |
$14,104,331.00 |
| 27 |
$23,440,884.00 |
-$8,633,457.00 |
-$0.00 |
$14,807,427.00 |
| 28 |
$24,612,972.00 |
-$9,067,130.00 |
-$0.00 |
$15,545,842.00 |
| 29 |
$25,843,752.00 |
-$9,522,519.00 |
-$0.00 |
$16,321,233.00 |
| 30 |
$27,135,852.00 |
-$10,000,596.00 |
-$0.00 |
$17,135,256.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$438,000,000.00 |
-$162,060,000.00 |
-$0.00 |
$275,940,000.00 |
|
