| Cash Option ($53.5 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $53,500,000.00 |
-$19,755,330.00 |
-$0.00 |
$33,744,670.00 |
| Annuity ($120 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$1,806,120.00 |
-$628,595.00 |
-$0.00 |
$1,177,525.00 |
| 2 |
$1,896,480.00 |
-$662,028.00 |
-$0.00 |
$1,234,452.00 |
| 3 |
$1,991,280.00 |
-$697,104.00 |
-$0.00 |
$1,294,176.00 |
| 4 |
$2,090,880.00 |
-$733,956.00 |
-$0.00 |
$1,356,924.00 |
| 5 |
$2,195,400.00 |
-$772,628.00 |
-$0.00 |
$1,422,772.00 |
| 6 |
$2,305,200.00 |
-$813,254.00 |
-$0.00 |
$1,491,946.00 |
| 7 |
$2,420,400.00 |
-$855,878.00 |
-$0.00 |
$1,564,522.00 |
| 8 |
$2,541,480.00 |
-$900,678.00 |
-$0.00 |
$1,640,802.00 |
| 9 |
$2,668,560.00 |
-$947,698.00 |
-$0.00 |
$1,720,862.00 |
| 10 |
$2,802,000.00 |
-$997,070.00 |
-$0.00 |
$1,804,930.00 |
| 11 |
$2,942,040.00 |
-$1,048,885.00 |
-$0.00 |
$1,893,155.00 |
| 12 |
$3,089,160.00 |
-$1,103,320.00 |
-$0.00 |
$1,985,840.00 |
| 13 |
$3,243,600.00 |
-$1,160,462.00 |
-$0.00 |
$2,083,138.00 |
| 14 |
$3,405,840.00 |
-$1,220,491.00 |
-$0.00 |
$2,185,349.00 |
| 15 |
$3,576,120.00 |
-$1,283,495.00 |
-$0.00 |
$2,292,625.00 |
| 16 |
$3,754,920.00 |
-$1,349,651.00 |
-$0.00 |
$2,405,269.00 |
| 17 |
$3,942,600.00 |
-$1,419,092.00 |
-$0.00 |
$2,523,508.00 |
| 18 |
$4,139,760.00 |
-$1,492,042.00 |
-$0.00 |
$2,647,718.00 |
| 19 |
$4,346,760.00 |
-$1,568,632.00 |
-$0.00 |
$2,778,128.00 |
| 20 |
$4,564,080.00 |
-$1,649,040.00 |
-$0.00 |
$2,915,040.00 |
| 21 |
$4,792,320.00 |
-$1,733,489.00 |
-$0.00 |
$3,058,831.00 |
| 22 |
$5,031,960.00 |
-$1,822,156.00 |
-$0.00 |
$3,209,804.00 |
| 23 |
$5,283,480.00 |
-$1,915,218.00 |
-$0.00 |
$3,368,262.00 |
| 24 |
$5,547,720.00 |
-$2,012,987.00 |
-$0.00 |
$3,534,733.00 |
| 25 |
$5,825,040.00 |
-$2,115,595.00 |
-$0.00 |
$3,709,445.00 |
| 26 |
$6,116,400.00 |
-$2,223,398.00 |
-$0.00 |
$3,893,002.00 |
| 27 |
$6,422,160.00 |
-$2,336,530.00 |
-$0.00 |
$4,085,630.00 |
| 28 |
$6,743,280.00 |
-$2,455,344.00 |
-$0.00 |
$4,287,936.00 |
| 29 |
$7,080,480.00 |
-$2,580,108.00 |
-$0.00 |
$4,500,372.00 |
| 30 |
$7,434,480.00 |
-$2,711,088.00 |
-$0.00 |
$4,723,392.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$120,000,000.00 |
-$44,400,000.00 |
-$0.00 |
$75,600,000.00 |
|
