Cash Option ($69.3 Million) |
Gross Cash Payment |
37% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$69,300,000.00 |
-$25,601,330.00 |
-$0.00 |
$43,698,670.00 |
Annuity ($151 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
37% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$2,272,701.00 |
-$801,230.00 |
-$0.00 |
$1,471,471.00 |
2 |
$2,386,404.00 |
-$843,300.00 |
-$0.00 |
$1,543,104.00 |
3 |
$2,505,694.00 |
-$887,437.00 |
-$0.00 |
$1,618,257.00 |
4 |
$2,631,024.00 |
-$933,809.00 |
-$0.00 |
$1,697,215.00 |
5 |
$2,762,545.00 |
-$982,472.00 |
-$0.00 |
$1,780,073.00 |
6 |
$2,900,710.00 |
-$1,033,593.00 |
-$0.00 |
$1,867,117.00 |
7 |
$3,045,670.00 |
-$1,087,228.00 |
-$0.00 |
$1,958,442.00 |
8 |
$3,198,029.00 |
-$1,143,601.00 |
-$0.00 |
$2,054,428.00 |
9 |
$3,357,938.00 |
-$1,202,767.00 |
-$0.00 |
$2,155,171.00 |
10 |
$3,525,850.00 |
-$1,264,895.00 |
-$0.00 |
$2,260,955.00 |
11 |
$3,702,067.00 |
-$1,330,095.00 |
-$0.00 |
$2,371,972.00 |
12 |
$3,887,193.00 |
-$1,398,592.00 |
-$0.00 |
$2,488,601.00 |
13 |
$4,081,530.00 |
-$1,470,496.00 |
-$0.00 |
$2,611,034.00 |
14 |
$4,285,682.00 |
-$1,546,033.00 |
-$0.00 |
$2,739,649.00 |
15 |
$4,499,951.00 |
-$1,625,312.00 |
-$0.00 |
$2,874,639.00 |
16 |
$4,724,941.00 |
-$1,708,559.00 |
-$0.00 |
$3,016,382.00 |
17 |
$4,961,105.00 |
-$1,795,939.00 |
-$0.00 |
$3,165,166.00 |
18 |
$5,209,198.00 |
-$1,887,734.00 |
-$0.00 |
$3,321,464.00 |
19 |
$5,469,673.00 |
-$1,984,109.00 |
-$0.00 |
$3,485,564.00 |
20 |
$5,743,134.00 |
-$2,085,290.00 |
-$0.00 |
$3,657,844.00 |
21 |
$6,030,336.00 |
-$2,191,555.00 |
-$0.00 |
$3,838,781.00 |
22 |
$6,331,883.00 |
-$2,303,127.00 |
-$0.00 |
$4,028,756.00 |
23 |
$6,648,379.00 |
-$2,420,231.00 |
-$0.00 |
$4,228,148.00 |
24 |
$6,980,881.00 |
-$2,543,256.00 |
-$0.00 |
$4,437,625.00 |
25 |
$7,329,842.00 |
-$2,672,372.00 |
-$0.00 |
$4,657,470.00 |
26 |
$7,696,470.00 |
-$2,808,024.00 |
-$0.00 |
$4,888,446.00 |
27 |
$8,081,218.00 |
-$2,950,381.00 |
-$0.00 |
$5,130,837.00 |
28 |
$8,485,294.00 |
-$3,099,889.00 |
-$0.00 |
$5,385,405.00 |
29 |
$8,909,604.00 |
-$3,256,884.00 |
-$0.00 |
$5,652,720.00 |
30 |
$9,355,054.00 |
-$3,421,700.00 |
-$0.00 |
$5,933,354.00 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$151,000,000.00 |
-$55,870,000.00 |
-$0.00 |
$95,130,000.00 |
|