| Cash Option ($183.1 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $183,100,000.00 |
-$67,707,330.00 |
-$0.00 |
$115,392,670.00 |
| Annuity ($440 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$6,622,440.00 |
-$2,410,633.00 |
-$0.00 |
$4,211,807.00 |
| 2 |
$6,953,760.00 |
-$2,533,222.00 |
-$0.00 |
$4,420,538.00 |
| 3 |
$7,301,360.00 |
-$2,661,834.00 |
-$0.00 |
$4,639,526.00 |
| 4 |
$7,666,560.00 |
-$2,796,958.00 |
-$0.00 |
$4,869,602.00 |
| 5 |
$8,049,800.00 |
-$2,938,756.00 |
-$0.00 |
$5,111,044.00 |
| 6 |
$8,452,400.00 |
-$3,087,718.00 |
-$0.00 |
$5,364,682.00 |
| 7 |
$8,874,800.00 |
-$3,244,006.00 |
-$0.00 |
$5,630,794.00 |
| 8 |
$9,318,760.00 |
-$3,408,272.00 |
-$0.00 |
$5,910,488.00 |
| 9 |
$9,784,720.00 |
-$3,580,677.00 |
-$0.00 |
$6,204,043.00 |
| 10 |
$10,274,000.00 |
-$3,761,710.00 |
-$0.00 |
$6,512,290.00 |
| 11 |
$10,787,480.00 |
-$3,951,698.00 |
-$0.00 |
$6,835,782.00 |
| 12 |
$11,326,920.00 |
-$4,151,291.00 |
-$0.00 |
$7,175,629.00 |
| 13 |
$11,893,200.00 |
-$4,360,814.00 |
-$0.00 |
$7,532,386.00 |
| 14 |
$12,488,080.00 |
-$4,580,920.00 |
-$0.00 |
$7,907,160.00 |
| 15 |
$13,112,440.00 |
-$4,811,933.00 |
-$0.00 |
$8,300,507.00 |
| 16 |
$13,768,040.00 |
-$5,054,505.00 |
-$0.00 |
$8,713,535.00 |
| 17 |
$14,456,200.00 |
-$5,309,124.00 |
-$0.00 |
$9,147,076.00 |
| 18 |
$15,179,120.00 |
-$5,576,605.00 |
-$0.00 |
$9,602,515.00 |
| 19 |
$15,938,120.00 |
-$5,857,435.00 |
-$0.00 |
$10,080,685.00 |
| 20 |
$16,734,960.00 |
-$6,152,266.00 |
-$0.00 |
$10,582,694.00 |
| 21 |
$17,571,840.00 |
-$6,461,911.00 |
-$0.00 |
$11,109,929.00 |
| 22 |
$18,450,520.00 |
-$6,787,023.00 |
-$0.00 |
$11,663,497.00 |
| 23 |
$19,372,760.00 |
-$7,128,252.00 |
-$0.00 |
$12,244,508.00 |
| 24 |
$20,341,640.00 |
-$7,486,737.00 |
-$0.00 |
$12,854,903.00 |
| 25 |
$21,358,480.00 |
-$7,862,968.00 |
-$0.00 |
$13,495,512.00 |
| 26 |
$22,426,800.00 |
-$8,258,246.00 |
-$0.00 |
$14,168,554.00 |
| 27 |
$23,547,920.00 |
-$8,673,061.00 |
-$0.00 |
$14,874,859.00 |
| 28 |
$24,725,360.00 |
-$9,108,714.00 |
-$0.00 |
$15,616,646.00 |
| 29 |
$25,961,760.00 |
-$9,566,182.00 |
-$0.00 |
$16,395,578.00 |
| 30 |
$27,259,760.00 |
-$10,046,442.00 |
-$0.00 |
$17,213,318.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$440,000,000.00 |
-$162,800,000.00 |
-$0.00 |
$277,200,000.00 |
|
