| Cash Option ($22.6 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $22,600,000.00 |
-$8,322,330.00 |
-$0.00 |
$14,277,670.00 |
| Annuity ($50 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$752,550.00 |
-$238,774.00 |
-$0.00 |
$513,776.00 |
| 2 |
$790,200.00 |
-$252,704.00 |
-$0.00 |
$537,496.00 |
| 3 |
$829,700.00 |
-$267,319.00 |
-$0.00 |
$562,381.00 |
| 4 |
$871,200.00 |
-$282,674.00 |
-$0.00 |
$588,526.00 |
| 5 |
$914,750.00 |
-$298,788.00 |
-$0.00 |
$615,962.00 |
| 6 |
$960,500.00 |
-$315,715.00 |
-$0.00 |
$644,785.00 |
| 7 |
$1,008,500.00 |
-$333,475.00 |
-$0.00 |
$675,025.00 |
| 8 |
$1,058,950.00 |
-$352,142.00 |
-$0.00 |
$706,808.00 |
| 9 |
$1,111,900.00 |
-$371,733.00 |
-$0.00 |
$740,167.00 |
| 10 |
$1,167,500.00 |
-$392,305.00 |
-$0.00 |
$775,195.00 |
| 11 |
$1,225,850.00 |
-$413,895.00 |
-$0.00 |
$811,955.00 |
| 12 |
$1,287,150.00 |
-$436,576.00 |
-$0.00 |
$850,574.00 |
| 13 |
$1,351,500.00 |
-$460,385.00 |
-$0.00 |
$891,115.00 |
| 14 |
$1,419,100.00 |
-$485,397.00 |
-$0.00 |
$933,703.00 |
| 15 |
$1,490,050.00 |
-$511,649.00 |
-$0.00 |
$978,401.00 |
| 16 |
$1,564,550.00 |
-$539,214.00 |
-$0.00 |
$1,025,336.00 |
| 17 |
$1,642,750.00 |
-$568,148.00 |
-$0.00 |
$1,074,602.00 |
| 18 |
$1,724,900.00 |
-$598,543.00 |
-$0.00 |
$1,126,357.00 |
| 19 |
$1,811,150.00 |
-$630,456.00 |
-$0.00 |
$1,180,694.00 |
| 20 |
$1,901,700.00 |
-$663,959.00 |
-$0.00 |
$1,237,741.00 |
| 21 |
$1,996,800.00 |
-$699,146.00 |
-$0.00 |
$1,297,654.00 |
| 22 |
$2,096,650.00 |
-$736,091.00 |
-$0.00 |
$1,360,559.00 |
| 23 |
$2,201,450.00 |
-$774,867.00 |
-$0.00 |
$1,426,583.00 |
| 24 |
$2,311,550.00 |
-$815,604.00 |
-$0.00 |
$1,495,946.00 |
| 25 |
$2,427,100.00 |
-$858,357.00 |
-$0.00 |
$1,568,743.00 |
| 26 |
$2,548,500.00 |
-$903,275.00 |
-$0.00 |
$1,645,225.00 |
| 27 |
$2,675,900.00 |
-$950,413.00 |
-$0.00 |
$1,725,487.00 |
| 28 |
$2,809,700.00 |
-$999,919.00 |
-$0.00 |
$1,809,781.00 |
| 29 |
$2,950,200.00 |
-$1,051,904.00 |
-$0.00 |
$1,898,296.00 |
| 30 |
$3,097,700.00 |
-$1,106,479.00 |
-$0.00 |
$1,991,221.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$50,000,000.00 |
-$18,500,000.00 |
-$0.00 |
$31,500,000.00 |
|
