| Cash Option ($75.6 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4.25% State
Withholding |
Lump-Sum
Net Payment |
| $75,600,000.00 |
-$18,900,000.00 |
-$3,213,000.00 |
$53,487,000.00 |
| Annuity ($106 Million in 30 Annual Payments) |
| Yr |
Annual Gross Payment |
25% Federal
Withholding |
4.25% State
Withholding |
Annual
Net Payment |
| 1 |
$1,889,990.51 |
-$472,497.63 |
-$80,324.60 |
$1,337,168.28 |
| 2 |
$1,965,590.13 |
-$491,397.53 |
-$83,537.58 |
$1,390,655.02 |
| 3 |
$2,044,213.73 |
-$511,053.43 |
-$86,879.08 |
$1,446,281.22 |
| 4 |
$2,125,982.28 |
-$531,495.57 |
-$90,354.25 |
$1,504,132.47 |
| 5 |
$2,211,021.57 |
-$552,755.39 |
-$93,968.42 |
$1,564,297.76 |
| 6 |
$2,299,462.44 |
-$574,865.61 |
-$97,727.15 |
$1,626,869.67 |
| 7 |
$2,391,440.93 |
-$597,860.23 |
-$101,636.24 |
$1,691,944.46 |
| 8 |
$2,487,098.57 |
-$621,774.64 |
-$105,701.69 |
$1,759,622.24 |
| 9 |
$2,586,582.52 |
-$646,645.63 |
-$109,929.76 |
$1,830,007.13 |
| 10 |
$2,690,045.82 |
-$672,511.45 |
-$114,326.95 |
$1,903,207.41 |
| 11 |
$2,797,647.65 |
-$699,411.91 |
-$118,900.03 |
$1,979,335.71 |
| 12 |
$2,909,553.55 |
-$727,388.39 |
-$123,656.03 |
$2,058,509.14 |
| 13 |
$3,025,935.70 |
-$756,483.92 |
-$128,602.27 |
$2,140,849.51 |
| 14 |
$3,146,973.12 |
-$786,743.28 |
-$133,746.36 |
$2,226,483.49 |
| 15 |
$3,272,852.05 |
-$818,213.01 |
-$139,096.21 |
$2,315,542.82 |
| 16 |
$3,403,766.13 |
-$850,941.53 |
-$144,660.06 |
$2,408,164.54 |
| 17 |
$3,539,916.78 |
-$884,979.19 |
-$150,446.46 |
$2,504,491.12 |
| 18 |
$3,681,513.45 |
-$920,378.36 |
-$156,464.32 |
$2,604,670.76 |
| 19 |
$3,828,773.99 |
-$957,193.50 |
-$162,722.89 |
$2,708,857.59 |
| 20 |
$3,981,924.94 |
-$995,481.24 |
-$169,231.81 |
$2,817,211.90 |
| 21 |
$4,141,201.94 |
-$1,035,300.49 |
-$176,001.08 |
$2,929,900.37 |
| 22 |
$4,306,850.02 |
-$1,076,712.51 |
-$183,041.13 |
$3,047,096.39 |
| 23 |
$4,479,124.02 |
-$1,119,781.01 |
-$190,362.77 |
$3,168,980.24 |
| 24 |
$4,658,288.98 |
-$1,164,572.25 |
-$197,977.28 |
$3,295,739.45 |
| 25 |
$4,844,620.54 |
-$1,211,155.14 |
-$205,896.37 |
$3,427,569.03 |
| 26 |
$5,038,405.36 |
-$1,259,601.34 |
-$214,132.23 |
$3,564,671.79 |
| 27 |
$5,239,941.58 |
-$1,309,985.39 |
-$222,697.52 |
$3,707,258.67 |
| 28 |
$5,449,539.24 |
-$1,362,384.81 |
-$231,605.42 |
$3,855,549.01 |
| 29 |
$5,667,520.81 |
-$1,416,880.20 |
-$240,869.63 |
$4,009,770.97 |
| 30 |
$5,894,221.64 |
-$1,473,555.41 |
-$250,504.42 |
$4,170,161.81 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$106,000,000.00 |
-$26,500,000.00 |
-$4,505,000.00 |
$74,995,000.00 |
|
