| Cash Option ($309.7 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $309,700,000.00 |
-$114,549,330.00 |
-$0.00 |
$195,150,670.00 |
| Annuity ($707 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$10,641,057.00 |
-$3,897,521.00 |
-$0.00 |
$6,743,536.00 |
| 2 |
$11,173,428.00 |
-$4,094,499.00 |
-$0.00 |
$7,078,929.00 |
| 3 |
$11,731,958.00 |
-$4,301,155.00 |
-$0.00 |
$7,430,803.00 |
| 4 |
$12,318,768.00 |
-$4,518,275.00 |
-$0.00 |
$7,800,493.00 |
| 5 |
$12,934,565.00 |
-$4,746,119.00 |
-$0.00 |
$8,188,446.00 |
| 6 |
$13,581,470.00 |
-$4,985,474.00 |
-$0.00 |
$8,595,996.00 |
| 7 |
$14,260,190.00 |
-$5,236,601.00 |
-$0.00 |
$9,023,589.00 |
| 8 |
$14,973,553.00 |
-$5,500,545.00 |
-$0.00 |
$9,473,008.00 |
| 9 |
$15,722,266.00 |
-$5,777,569.00 |
-$0.00 |
$9,944,697.00 |
| 10 |
$16,508,450.00 |
-$6,068,457.00 |
-$0.00 |
$10,439,993.00 |
| 11 |
$17,333,519.00 |
-$6,373,732.00 |
-$0.00 |
$10,959,787.00 |
| 12 |
$18,200,301.00 |
-$6,694,442.00 |
-$0.00 |
$11,505,859.00 |
| 13 |
$19,110,210.00 |
-$7,031,108.00 |
-$0.00 |
$12,079,102.00 |
| 14 |
$20,066,074.00 |
-$7,384,778.00 |
-$0.00 |
$12,681,296.00 |
| 15 |
$21,069,307.00 |
-$7,755,974.00 |
-$0.00 |
$13,313,333.00 |
| 16 |
$22,122,737.00 |
-$8,145,743.00 |
-$0.00 |
$13,976,994.00 |
| 17 |
$23,228,485.00 |
-$8,554,870.00 |
-$0.00 |
$14,673,615.00 |
| 18 |
$24,390,086.00 |
-$8,984,662.00 |
-$0.00 |
$15,405,424.00 |
| 19 |
$25,609,661.00 |
-$9,435,905.00 |
-$0.00 |
$16,173,756.00 |
| 20 |
$26,890,038.00 |
-$9,909,644.00 |
-$0.00 |
$16,980,394.00 |
| 21 |
$28,234,752.00 |
-$10,407,189.00 |
-$0.00 |
$17,827,563.00 |
| 22 |
$29,646,631.00 |
-$10,929,584.00 |
-$0.00 |
$18,717,047.00 |
| 23 |
$31,128,503.00 |
-$11,477,876.00 |
-$0.00 |
$19,650,627.00 |
| 24 |
$32,685,317.00 |
-$12,053,898.00 |
-$0.00 |
$20,631,419.00 |
| 25 |
$34,319,194.00 |
-$12,658,432.00 |
-$0.00 |
$21,660,762.00 |
| 26 |
$36,035,790.00 |
-$13,293,573.00 |
-$0.00 |
$22,742,217.00 |
| 27 |
$37,837,226.00 |
-$13,960,104.00 |
-$0.00 |
$23,877,122.00 |
| 28 |
$39,729,158.00 |
-$14,660,119.00 |
-$0.00 |
$25,069,039.00 |
| 29 |
$41,715,828.00 |
-$15,395,187.00 |
-$0.00 |
$26,320,641.00 |
| 30 |
$43,801,478.00 |
-$16,166,877.00 |
-$0.00 |
$27,634,601.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$707,000,000.00 |
-$261,590,000.00 |
-$0.00 |
$445,410,000.00 |
|
