| Cash Option ($56 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $56,000,000.00 |
-$20,680,330.00 |
-$0.00 |
$35,319,670.00 |
| Annuity ($124 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$1,866,324.00 |
-$650,870.00 |
-$0.00 |
$1,215,454.00 |
| 2 |
$1,959,696.00 |
-$685,418.00 |
-$0.00 |
$1,274,278.00 |
| 3 |
$2,057,656.00 |
-$721,663.00 |
-$0.00 |
$1,335,993.00 |
| 4 |
$2,160,576.00 |
-$759,744.00 |
-$0.00 |
$1,400,832.00 |
| 5 |
$2,268,580.00 |
-$799,705.00 |
-$0.00 |
$1,468,875.00 |
| 6 |
$2,382,040.00 |
-$841,685.00 |
-$0.00 |
$1,540,355.00 |
| 7 |
$2,501,080.00 |
-$885,730.00 |
-$0.00 |
$1,615,350.00 |
| 8 |
$2,626,196.00 |
-$932,023.00 |
-$0.00 |
$1,694,173.00 |
| 9 |
$2,757,512.00 |
-$980,610.00 |
-$0.00 |
$1,776,902.00 |
| 10 |
$2,895,400.00 |
-$1,031,628.00 |
-$0.00 |
$1,863,772.00 |
| 11 |
$3,040,108.00 |
-$1,085,170.00 |
-$0.00 |
$1,954,938.00 |
| 12 |
$3,192,132.00 |
-$1,141,419.00 |
-$0.00 |
$2,050,713.00 |
| 13 |
$3,351,720.00 |
-$1,200,467.00 |
-$0.00 |
$2,151,253.00 |
| 14 |
$3,519,368.00 |
-$1,262,497.00 |
-$0.00 |
$2,256,871.00 |
| 15 |
$3,695,324.00 |
-$1,327,600.00 |
-$0.00 |
$2,367,724.00 |
| 16 |
$3,880,084.00 |
-$1,395,961.00 |
-$0.00 |
$2,484,123.00 |
| 17 |
$4,074,020.00 |
-$1,467,718.00 |
-$0.00 |
$2,606,302.00 |
| 18 |
$4,277,752.00 |
-$1,543,099.00 |
-$0.00 |
$2,734,653.00 |
| 19 |
$4,491,652.00 |
-$1,622,242.00 |
-$0.00 |
$2,869,410.00 |
| 20 |
$4,716,216.00 |
-$1,705,330.00 |
-$0.00 |
$3,010,886.00 |
| 21 |
$4,952,064.00 |
-$1,792,594.00 |
-$0.00 |
$3,159,470.00 |
| 22 |
$5,199,692.00 |
-$1,884,216.00 |
-$0.00 |
$3,315,476.00 |
| 23 |
$5,459,596.00 |
-$1,980,381.00 |
-$0.00 |
$3,479,215.00 |
| 24 |
$5,732,644.00 |
-$2,081,409.00 |
-$0.00 |
$3,651,235.00 |
| 25 |
$6,019,208.00 |
-$2,187,437.00 |
-$0.00 |
$3,831,771.00 |
| 26 |
$6,320,280.00 |
-$2,298,834.00 |
-$0.00 |
$4,021,446.00 |
| 27 |
$6,636,232.00 |
-$2,415,736.00 |
-$0.00 |
$4,220,496.00 |
| 28 |
$6,968,056.00 |
-$2,538,511.00 |
-$0.00 |
$4,429,545.00 |
| 29 |
$7,316,496.00 |
-$2,667,434.00 |
-$0.00 |
$4,649,062.00 |
| 30 |
$7,682,296.00 |
-$2,802,780.00 |
-$0.00 |
$4,879,516.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$124,000,000.00 |
-$45,880,000.00 |
-$0.00 |
$78,120,000.00 |
|
