| Cash Option ($235.2 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $235,200,000.00 |
-$86,984,330.00 |
-$0.00 |
$148,215,670.00 |
| Annuity ($555 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$8,353,305.00 |
-$3,051,053.00 |
-$0.00 |
$5,302,252.00 |
| 2 |
$8,771,220.00 |
-$3,205,682.00 |
-$0.00 |
$5,565,538.00 |
| 3 |
$9,209,670.00 |
-$3,367,908.00 |
-$0.00 |
$5,841,762.00 |
| 4 |
$9,670,320.00 |
-$3,538,349.00 |
-$0.00 |
$6,131,971.00 |
| 5 |
$10,153,725.00 |
-$3,717,209.00 |
-$0.00 |
$6,436,516.00 |
| 6 |
$10,661,550.00 |
-$3,905,104.00 |
-$0.00 |
$6,756,446.00 |
| 7 |
$11,194,350.00 |
-$4,102,240.00 |
-$0.00 |
$7,092,110.00 |
| 8 |
$11,754,345.00 |
-$4,309,438.00 |
-$0.00 |
$7,444,907.00 |
| 9 |
$12,342,090.00 |
-$4,526,904.00 |
-$0.00 |
$7,815,186.00 |
| 10 |
$12,959,250.00 |
-$4,755,253.00 |
-$0.00 |
$8,203,997.00 |
| 11 |
$13,606,935.00 |
-$4,994,896.00 |
-$0.00 |
$8,612,039.00 |
| 12 |
$14,287,365.00 |
-$5,246,655.00 |
-$0.00 |
$9,040,710.00 |
| 13 |
$15,001,650.00 |
-$5,510,941.00 |
-$0.00 |
$9,490,709.00 |
| 14 |
$15,752,010.00 |
-$5,788,574.00 |
-$0.00 |
$9,963,436.00 |
| 15 |
$16,539,555.00 |
-$6,079,966.00 |
-$0.00 |
$10,459,589.00 |
| 16 |
$17,366,505.00 |
-$6,385,937.00 |
-$0.00 |
$10,980,568.00 |
| 17 |
$18,234,525.00 |
-$6,707,105.00 |
-$0.00 |
$11,527,420.00 |
| 18 |
$19,146,390.00 |
-$7,044,495.00 |
-$0.00 |
$12,101,895.00 |
| 19 |
$20,103,765.00 |
-$7,398,723.00 |
-$0.00 |
$12,705,042.00 |
| 20 |
$21,108,870.00 |
-$7,770,612.00 |
-$0.00 |
$13,338,258.00 |
| 21 |
$22,164,480.00 |
-$8,161,188.00 |
-$0.00 |
$14,003,292.00 |
| 22 |
$23,272,815.00 |
-$8,571,272.00 |
-$0.00 |
$14,701,543.00 |
| 23 |
$24,436,095.00 |
-$9,001,686.00 |
-$0.00 |
$15,434,409.00 |
| 24 |
$25,658,205.00 |
-$9,453,866.00 |
-$0.00 |
$16,204,339.00 |
| 25 |
$26,940,810.00 |
-$9,928,430.00 |
-$0.00 |
$17,012,380.00 |
| 26 |
$28,288,350.00 |
-$10,427,020.00 |
-$0.00 |
$17,861,330.00 |
| 27 |
$29,702,490.00 |
-$10,950,252.00 |
-$0.00 |
$18,752,238.00 |
| 28 |
$31,187,670.00 |
-$11,499,768.00 |
-$0.00 |
$19,687,902.00 |
| 29 |
$32,747,220.00 |
-$12,076,802.00 |
-$0.00 |
$20,670,418.00 |
| 30 |
$34,384,470.00 |
-$12,682,584.00 |
-$0.00 |
$21,701,886.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$555,000,000.00 |
-$205,350,000.00 |
-$0.00 |
$349,650,000.00 |
|
