| Cash Option ($246 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $246,000,000.00 |
-$90,980,330.00 |
-$0.00 |
$155,019,670.00 |
| Annuity ($600 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$9,030,600.00 |
-$3,301,652.00 |
-$0.00 |
$5,728,948.00 |
| 2 |
$9,482,400.00 |
-$3,468,818.00 |
-$0.00 |
$6,013,582.00 |
| 3 |
$9,956,400.00 |
-$3,644,198.00 |
-$0.00 |
$6,312,202.00 |
| 4 |
$10,454,400.00 |
-$3,828,458.00 |
-$0.00 |
$6,625,942.00 |
| 5 |
$10,977,000.00 |
-$4,021,820.00 |
-$0.00 |
$6,955,180.00 |
| 6 |
$11,526,000.00 |
-$4,224,950.00 |
-$0.00 |
$7,301,050.00 |
| 7 |
$12,102,000.00 |
-$4,438,070.00 |
-$0.00 |
$7,663,930.00 |
| 8 |
$12,707,400.00 |
-$4,662,068.00 |
-$0.00 |
$8,045,332.00 |
| 9 |
$13,342,800.00 |
-$4,897,166.00 |
-$0.00 |
$8,445,634.00 |
| 10 |
$14,010,000.00 |
-$5,144,030.00 |
-$0.00 |
$8,865,970.00 |
| 11 |
$14,710,200.00 |
-$5,403,104.00 |
-$0.00 |
$9,307,096.00 |
| 12 |
$15,445,800.00 |
-$5,675,276.00 |
-$0.00 |
$9,770,524.00 |
| 13 |
$16,218,000.00 |
-$5,960,990.00 |
-$0.00 |
$10,257,010.00 |
| 14 |
$17,029,200.00 |
-$6,261,134.00 |
-$0.00 |
$10,768,066.00 |
| 15 |
$17,880,600.00 |
-$6,576,152.00 |
-$0.00 |
$11,304,448.00 |
| 16 |
$18,774,600.00 |
-$6,906,932.00 |
-$0.00 |
$11,867,668.00 |
| 17 |
$19,713,000.00 |
-$7,254,140.00 |
-$0.00 |
$12,458,860.00 |
| 18 |
$20,698,800.00 |
-$7,618,886.00 |
-$0.00 |
$13,079,914.00 |
| 19 |
$21,733,800.00 |
-$8,001,836.00 |
-$0.00 |
$13,731,964.00 |
| 20 |
$22,820,400.00 |
-$8,403,878.00 |
-$0.00 |
$14,416,522.00 |
| 21 |
$23,961,600.00 |
-$8,826,122.00 |
-$0.00 |
$15,135,478.00 |
| 22 |
$25,159,800.00 |
-$9,269,456.00 |
-$0.00 |
$15,890,344.00 |
| 23 |
$26,417,400.00 |
-$9,734,768.00 |
-$0.00 |
$16,682,632.00 |
| 24 |
$27,738,600.00 |
-$10,223,612.00 |
-$0.00 |
$17,514,988.00 |
| 25 |
$29,125,200.00 |
-$10,736,654.00 |
-$0.00 |
$18,388,546.00 |
| 26 |
$30,582,000.00 |
-$11,275,670.00 |
-$0.00 |
$19,306,330.00 |
| 27 |
$32,110,800.00 |
-$11,841,326.00 |
-$0.00 |
$20,269,474.00 |
| 28 |
$33,716,400.00 |
-$12,435,398.00 |
-$0.00 |
$21,281,002.00 |
| 29 |
$35,402,400.00 |
-$13,059,218.00 |
-$0.00 |
$22,343,182.00 |
| 30 |
$37,172,400.00 |
-$13,714,118.00 |
-$0.00 |
$23,458,282.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$600,000,000.00 |
-$222,000,000.00 |
-$0.00 |
$378,000,000.00 |
|
