| Cash Option ($156.5 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $156,500,000.00 |
-$57,865,330.00 |
-$0.00 |
$98,634,670.00 |
| Annuity ($350 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$5,267,850.00 |
-$1,909,435.00 |
-$0.00 |
$3,358,415.00 |
| 2 |
$5,531,400.00 |
-$2,006,948.00 |
-$0.00 |
$3,524,452.00 |
| 3 |
$5,807,900.00 |
-$2,109,253.00 |
-$0.00 |
$3,698,647.00 |
| 4 |
$6,098,400.00 |
-$2,216,738.00 |
-$0.00 |
$3,881,662.00 |
| 5 |
$6,403,250.00 |
-$2,329,533.00 |
-$0.00 |
$4,073,717.00 |
| 6 |
$6,723,500.00 |
-$2,448,025.00 |
-$0.00 |
$4,275,475.00 |
| 7 |
$7,059,500.00 |
-$2,572,345.00 |
-$0.00 |
$4,487,155.00 |
| 8 |
$7,412,650.00 |
-$2,703,011.00 |
-$0.00 |
$4,709,639.00 |
| 9 |
$7,783,300.00 |
-$2,840,151.00 |
-$0.00 |
$4,943,149.00 |
| 10 |
$8,172,500.00 |
-$2,984,155.00 |
-$0.00 |
$5,188,345.00 |
| 11 |
$8,580,950.00 |
-$3,135,282.00 |
-$0.00 |
$5,445,668.00 |
| 12 |
$9,010,050.00 |
-$3,294,049.00 |
-$0.00 |
$5,716,001.00 |
| 13 |
$9,460,500.00 |
-$3,460,715.00 |
-$0.00 |
$5,999,785.00 |
| 14 |
$9,933,700.00 |
-$3,635,799.00 |
-$0.00 |
$6,297,901.00 |
| 15 |
$10,430,350.00 |
-$3,819,560.00 |
-$0.00 |
$6,610,790.00 |
| 16 |
$10,951,850.00 |
-$4,012,515.00 |
-$0.00 |
$6,939,335.00 |
| 17 |
$11,499,250.00 |
-$4,215,053.00 |
-$0.00 |
$7,284,197.00 |
| 18 |
$12,074,300.00 |
-$4,427,821.00 |
-$0.00 |
$7,646,479.00 |
| 19 |
$12,678,050.00 |
-$4,651,209.00 |
-$0.00 |
$8,026,841.00 |
| 20 |
$13,311,900.00 |
-$4,885,733.00 |
-$0.00 |
$8,426,167.00 |
| 21 |
$13,977,600.00 |
-$5,132,042.00 |
-$0.00 |
$8,845,558.00 |
| 22 |
$14,676,550.00 |
-$5,390,654.00 |
-$0.00 |
$9,285,896.00 |
| 23 |
$15,410,150.00 |
-$5,662,086.00 |
-$0.00 |
$9,748,064.00 |
| 24 |
$16,180,850.00 |
-$5,947,245.00 |
-$0.00 |
$10,233,605.00 |
| 25 |
$16,989,700.00 |
-$6,246,519.00 |
-$0.00 |
$10,743,181.00 |
| 26 |
$17,839,500.00 |
-$6,560,945.00 |
-$0.00 |
$11,278,555.00 |
| 27 |
$18,731,300.00 |
-$6,890,911.00 |
-$0.00 |
$11,840,389.00 |
| 28 |
$19,667,900.00 |
-$7,237,453.00 |
-$0.00 |
$12,430,447.00 |
| 29 |
$20,651,400.00 |
-$7,601,348.00 |
-$0.00 |
$13,050,052.00 |
| 30 |
$21,683,900.00 |
-$7,983,373.00 |
-$0.00 |
$13,700,527.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$350,000,000.00 |
-$129,500,000.00 |
-$0.00 |
$220,500,000.00 |
|
