Cash Option ($67.6 Million) |
Gross Cash Payment |
37% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$67,600,000.00 |
-$24,972,330.00 |
-$0.00 |
$42,627,670.00 |
Annuity ($134 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
37% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$2,016,834.00 |
-$706,559.00 |
-$0.00 |
$1,310,275.00 |
2 |
$2,117,736.00 |
-$743,893.00 |
-$0.00 |
$1,373,843.00 |
3 |
$2,223,596.00 |
-$783,061.00 |
-$0.00 |
$1,440,535.00 |
4 |
$2,334,816.00 |
-$824,212.00 |
-$0.00 |
$1,510,604.00 |
5 |
$2,451,530.00 |
-$867,396.00 |
-$0.00 |
$1,584,134.00 |
6 |
$2,574,140.00 |
-$912,762.00 |
-$0.00 |
$1,661,378.00 |
7 |
$2,702,780.00 |
-$960,359.00 |
-$0.00 |
$1,742,421.00 |
8 |
$2,837,986.00 |
-$1,010,385.00 |
-$0.00 |
$1,827,601.00 |
9 |
$2,979,892.00 |
-$1,062,890.00 |
-$0.00 |
$1,917,002.00 |
10 |
$3,128,900.00 |
-$1,118,023.00 |
-$0.00 |
$2,010,877.00 |
11 |
$3,285,278.00 |
-$1,175,883.00 |
-$0.00 |
$2,109,395.00 |
12 |
$3,449,562.00 |
-$1,236,668.00 |
-$0.00 |
$2,212,894.00 |
13 |
$3,622,020.00 |
-$1,300,478.00 |
-$0.00 |
$2,321,542.00 |
14 |
$3,803,188.00 |
-$1,367,510.00 |
-$0.00 |
$2,435,678.00 |
15 |
$3,993,334.00 |
-$1,437,864.00 |
-$0.00 |
$2,555,470.00 |
16 |
$4,192,994.00 |
-$1,511,738.00 |
-$0.00 |
$2,681,256.00 |
17 |
$4,402,570.00 |
-$1,589,281.00 |
-$0.00 |
$2,813,289.00 |
18 |
$4,622,732.00 |
-$1,670,741.00 |
-$0.00 |
$2,951,991.00 |
19 |
$4,853,882.00 |
-$1,756,267.00 |
-$0.00 |
$3,097,615.00 |
20 |
$5,096,556.00 |
-$1,846,056.00 |
-$0.00 |
$3,250,500.00 |
21 |
$5,351,424.00 |
-$1,940,357.00 |
-$0.00 |
$3,411,067.00 |
22 |
$5,619,022.00 |
-$2,039,369.00 |
-$0.00 |
$3,579,653.00 |
23 |
$5,899,886.00 |
-$2,143,288.00 |
-$0.00 |
$3,756,598.00 |
24 |
$6,194,954.00 |
-$2,252,463.00 |
-$0.00 |
$3,942,491.00 |
25 |
$6,504,628.00 |
-$2,367,043.00 |
-$0.00 |
$4,137,585.00 |
26 |
$6,829,980.00 |
-$2,487,423.00 |
-$0.00 |
$4,342,557.00 |
27 |
$7,171,412.00 |
-$2,613,753.00 |
-$0.00 |
$4,557,659.00 |
28 |
$7,529,996.00 |
-$2,746,429.00 |
-$0.00 |
$4,783,567.00 |
29 |
$7,906,536.00 |
-$2,885,749.00 |
-$0.00 |
$5,020,787.00 |
30 |
$8,301,836.00 |
-$3,032,010.00 |
-$0.00 |
$5,269,826.00 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$134,000,000.00 |
-$49,580,000.00 |
-$0.00 |
$84,420,000.00 |
|