| Cash Option ($196.6 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $196,600,000.00 |
-$49,150,000.00 |
-$0.00 |
$147,450,000.00 |
| Annuity ($278 Million in 30 Annual Payments) |
| Yr |
Annual Gross Payment |
25% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$4,956,767.56 |
-$1,239,191.89 |
-$0.00 |
$3,717,575.67 |
| 2 |
$5,155,038.26 |
-$1,288,759.57 |
-$0.00 |
$3,866,278.70 |
| 3 |
$5,361,239.79 |
-$1,340,309.95 |
-$0.00 |
$4,020,929.84 |
| 4 |
$5,575,689.38 |
-$1,393,922.35 |
-$0.00 |
$4,181,767.04 |
| 5 |
$5,798,716.96 |
-$1,449,679.24 |
-$0.00 |
$4,349,037.72 |
| 6 |
$6,030,665.64 |
-$1,507,666.41 |
-$0.00 |
$4,522,999.23 |
| 7 |
$6,271,892.26 |
-$1,567,973.07 |
-$0.00 |
$4,703,919.20 |
| 8 |
$6,522,767.95 |
-$1,630,691.99 |
-$0.00 |
$4,892,075.97 |
| 9 |
$6,783,678.67 |
-$1,695,919.67 |
-$0.00 |
$5,087,759.00 |
| 10 |
$7,055,025.82 |
-$1,763,756.45 |
-$0.00 |
$5,291,269.36 |
| 11 |
$7,337,226.85 |
-$1,834,306.71 |
-$0.00 |
$5,502,920.14 |
| 12 |
$7,630,715.93 |
-$1,907,678.98 |
-$0.00 |
$5,723,036.94 |
| 13 |
$7,935,944.56 |
-$1,983,986.14 |
-$0.00 |
$5,951,958.42 |
| 14 |
$8,253,382.34 |
-$2,063,345.59 |
-$0.00 |
$6,190,036.76 |
| 15 |
$8,583,517.64 |
-$2,145,879.41 |
-$0.00 |
$6,437,638.23 |
| 16 |
$8,926,858.34 |
-$2,231,714.59 |
-$0.00 |
$6,695,143.76 |
| 17 |
$9,283,932.68 |
-$2,320,983.17 |
-$0.00 |
$6,962,949.51 |
| 18 |
$9,655,289.98 |
-$2,413,822.50 |
-$0.00 |
$7,241,467.49 |
| 19 |
$10,041,501.58 |
-$2,510,375.40 |
-$0.00 |
$7,531,126.19 |
| 20 |
$10,443,161.65 |
-$2,610,790.41 |
-$0.00 |
$7,832,371.24 |
| 21 |
$10,860,888.11 |
-$2,715,222.03 |
-$0.00 |
$8,145,666.09 |
| 22 |
$11,295,323.64 |
-$2,823,830.91 |
-$0.00 |
$8,471,492.73 |
| 23 |
$11,747,136.58 |
-$2,936,784.15 |
-$0.00 |
$8,810,352.44 |
| 24 |
$12,217,022.05 |
-$3,054,255.51 |
-$0.00 |
$9,162,766.54 |
| 25 |
$12,705,702.93 |
-$3,176,425.73 |
-$0.00 |
$9,529,277.20 |
| 26 |
$13,213,931.05 |
-$3,303,482.76 |
-$0.00 |
$9,910,448.28 |
| 27 |
$13,742,488.29 |
-$3,435,622.07 |
-$0.00 |
$10,306,866.22 |
| 28 |
$14,292,187.82 |
-$3,573,046.95 |
-$0.00 |
$10,719,140.86 |
| 29 |
$14,863,875.33 |
-$3,715,968.83 |
-$0.00 |
$11,147,906.50 |
| 30 |
$15,458,430.35 |
-$3,864,607.59 |
-$0.00 |
$11,593,822.76 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$278,000,000.00 |
-$69,500,000.00 |
-$0.00 |
$208,500,000.00 |
|
