| Cash Option ($41 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $41,000,000.00 |
-$15,130,330.00 |
-$0.00 |
$25,869,670.00 |
| Annuity ($88 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$1,324,488.00 |
-$450,391.00 |
-$0.00 |
$874,097.00 |
| 2 |
$1,390,752.00 |
-$474,909.00 |
-$0.00 |
$915,843.00 |
| 3 |
$1,460,272.00 |
-$500,631.00 |
-$0.00 |
$959,641.00 |
| 4 |
$1,533,312.00 |
-$527,656.00 |
-$0.00 |
$1,005,656.00 |
| 5 |
$1,609,960.00 |
-$556,016.00 |
-$0.00 |
$1,053,944.00 |
| 6 |
$1,690,480.00 |
-$585,808.00 |
-$0.00 |
$1,104,672.00 |
| 7 |
$1,774,960.00 |
-$617,066.00 |
-$0.00 |
$1,157,894.00 |
| 8 |
$1,863,752.00 |
-$649,919.00 |
-$0.00 |
$1,213,833.00 |
| 9 |
$1,956,944.00 |
-$684,400.00 |
-$0.00 |
$1,272,544.00 |
| 10 |
$2,054,800.00 |
-$720,606.00 |
-$0.00 |
$1,334,194.00 |
| 11 |
$2,157,496.00 |
-$758,604.00 |
-$0.00 |
$1,398,892.00 |
| 12 |
$2,265,384.00 |
-$798,522.00 |
-$0.00 |
$1,466,862.00 |
| 13 |
$2,378,640.00 |
-$840,427.00 |
-$0.00 |
$1,538,213.00 |
| 14 |
$2,497,616.00 |
-$884,448.00 |
-$0.00 |
$1,613,168.00 |
| 15 |
$2,622,488.00 |
-$930,651.00 |
-$0.00 |
$1,691,837.00 |
| 16 |
$2,753,608.00 |
-$979,165.00 |
-$0.00 |
$1,774,443.00 |
| 17 |
$2,891,240.00 |
-$1,030,089.00 |
-$0.00 |
$1,861,151.00 |
| 18 |
$3,035,824.00 |
-$1,083,585.00 |
-$0.00 |
$1,952,239.00 |
| 19 |
$3,187,624.00 |
-$1,139,751.00 |
-$0.00 |
$2,047,873.00 |
| 20 |
$3,346,992.00 |
-$1,198,717.00 |
-$0.00 |
$2,148,275.00 |
| 21 |
$3,514,368.00 |
-$1,260,647.00 |
-$0.00 |
$2,253,721.00 |
| 22 |
$3,690,104.00 |
-$1,325,669.00 |
-$0.00 |
$2,364,435.00 |
| 23 |
$3,874,552.00 |
-$1,393,915.00 |
-$0.00 |
$2,480,637.00 |
| 24 |
$4,068,328.00 |
-$1,465,612.00 |
-$0.00 |
$2,602,716.00 |
| 25 |
$4,271,696.00 |
-$1,540,858.00 |
-$0.00 |
$2,730,838.00 |
| 26 |
$4,485,360.00 |
-$1,619,914.00 |
-$0.00 |
$2,865,446.00 |
| 27 |
$4,709,584.00 |
-$1,702,876.00 |
-$0.00 |
$3,006,708.00 |
| 28 |
$4,945,072.00 |
-$1,790,007.00 |
-$0.00 |
$3,155,065.00 |
| 29 |
$5,192,352.00 |
-$1,881,501.00 |
-$0.00 |
$3,310,851.00 |
| 30 |
$5,451,952.00 |
-$1,977,553.00 |
-$0.00 |
$3,474,399.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$88,000,000.00 |
-$32,560,000.00 |
-$0.00 |
$55,440,000.00 |
|
