| Cash Option ($21.8 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $21,800,000.00 |
-$8,026,330.00 |
-$0.00 |
$13,773,670.00 |
| Annuity ($47 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$707,397.00 |
-$222,067.00 |
-$0.00 |
$485,330.00 |
| 2 |
$742,788.00 |
-$235,162.00 |
-$0.00 |
$507,626.00 |
| 3 |
$779,918.00 |
-$248,900.00 |
-$0.00 |
$531,018.00 |
| 4 |
$818,928.00 |
-$263,334.00 |
-$0.00 |
$555,594.00 |
| 5 |
$859,865.00 |
-$278,480.00 |
-$0.00 |
$581,385.00 |
| 6 |
$902,870.00 |
-$294,392.00 |
-$0.00 |
$608,478.00 |
| 7 |
$947,990.00 |
-$311,087.00 |
-$0.00 |
$636,903.00 |
| 8 |
$995,413.00 |
-$328,633.00 |
-$0.00 |
$666,780.00 |
| 9 |
$1,045,186.00 |
-$347,049.00 |
-$0.00 |
$698,137.00 |
| 10 |
$1,097,450.00 |
-$366,387.00 |
-$0.00 |
$731,063.00 |
| 11 |
$1,152,299.00 |
-$386,681.00 |
-$0.00 |
$765,618.00 |
| 12 |
$1,209,921.00 |
-$408,001.00 |
-$0.00 |
$801,920.00 |
| 13 |
$1,270,410.00 |
-$430,382.00 |
-$0.00 |
$840,028.00 |
| 14 |
$1,333,954.00 |
-$453,893.00 |
-$0.00 |
$880,061.00 |
| 15 |
$1,400,647.00 |
-$478,570.00 |
-$0.00 |
$922,077.00 |
| 16 |
$1,470,677.00 |
-$504,481.00 |
-$0.00 |
$966,196.00 |
| 17 |
$1,544,185.00 |
-$531,679.00 |
-$0.00 |
$1,012,506.00 |
| 18 |
$1,621,406.00 |
-$560,251.00 |
-$0.00 |
$1,061,155.00 |
| 19 |
$1,702,481.00 |
-$590,248.00 |
-$0.00 |
$1,112,233.00 |
| 20 |
$1,787,598.00 |
-$621,742.00 |
-$0.00 |
$1,165,856.00 |
| 21 |
$1,876,992.00 |
-$654,817.00 |
-$0.00 |
$1,222,175.00 |
| 22 |
$1,970,851.00 |
-$689,545.00 |
-$0.00 |
$1,281,306.00 |
| 23 |
$2,069,363.00 |
-$725,995.00 |
-$0.00 |
$1,343,368.00 |
| 24 |
$2,172,857.00 |
-$764,287.00 |
-$0.00 |
$1,408,570.00 |
| 25 |
$2,281,474.00 |
-$804,476.00 |
-$0.00 |
$1,476,998.00 |
| 26 |
$2,395,590.00 |
-$846,699.00 |
-$0.00 |
$1,548,891.00 |
| 27 |
$2,515,346.00 |
-$891,008.00 |
-$0.00 |
$1,624,338.00 |
| 28 |
$2,641,118.00 |
-$937,544.00 |
-$0.00 |
$1,703,574.00 |
| 29 |
$2,773,188.00 |
-$986,410.00 |
-$0.00 |
$1,786,778.00 |
| 30 |
$2,911,838.00 |
-$1,037,710.00 |
-$0.00 |
$1,874,128.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$47,000,000.00 |
-$17,390,000.00 |
-$0.00 |
$29,610,000.00 |
|
