| Cash Option ($232.6 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $232,600,000.00 |
-$86,022,330.00 |
-$0.00 |
$146,577,670.00 |
| Annuity ($496 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$7,465,296.00 |
-$2,722,490.00 |
-$0.00 |
$4,742,806.00 |
| 2 |
$7,838,784.00 |
-$2,860,680.00 |
-$0.00 |
$4,978,104.00 |
| 3 |
$8,230,624.00 |
-$3,005,661.00 |
-$0.00 |
$5,224,963.00 |
| 4 |
$8,642,304.00 |
-$3,157,983.00 |
-$0.00 |
$5,484,321.00 |
| 5 |
$9,074,320.00 |
-$3,317,829.00 |
-$0.00 |
$5,756,491.00 |
| 6 |
$9,528,160.00 |
-$3,485,750.00 |
-$0.00 |
$6,042,410.00 |
| 7 |
$10,004,320.00 |
-$3,661,929.00 |
-$0.00 |
$6,342,391.00 |
| 8 |
$10,504,784.00 |
-$3,847,100.00 |
-$0.00 |
$6,657,684.00 |
| 9 |
$11,030,048.00 |
-$4,041,448.00 |
-$0.00 |
$6,988,600.00 |
| 10 |
$11,581,600.00 |
-$4,245,522.00 |
-$0.00 |
$7,336,078.00 |
| 11 |
$12,160,432.00 |
-$4,459,690.00 |
-$0.00 |
$7,700,742.00 |
| 12 |
$12,768,528.00 |
-$4,684,686.00 |
-$0.00 |
$8,083,842.00 |
| 13 |
$13,406,880.00 |
-$4,920,876.00 |
-$0.00 |
$8,486,004.00 |
| 14 |
$14,077,472.00 |
-$5,168,995.00 |
-$0.00 |
$8,908,477.00 |
| 15 |
$14,781,296.00 |
-$5,429,410.00 |
-$0.00 |
$9,351,886.00 |
| 16 |
$15,520,336.00 |
-$5,702,855.00 |
-$0.00 |
$9,817,481.00 |
| 17 |
$16,296,080.00 |
-$5,989,880.00 |
-$0.00 |
$10,306,200.00 |
| 18 |
$17,111,008.00 |
-$6,291,403.00 |
-$0.00 |
$10,819,605.00 |
| 19 |
$17,966,608.00 |
-$6,607,975.00 |
-$0.00 |
$11,358,633.00 |
| 20 |
$18,864,864.00 |
-$6,940,330.00 |
-$0.00 |
$11,924,534.00 |
| 21 |
$19,808,256.00 |
-$7,289,385.00 |
-$0.00 |
$12,518,871.00 |
| 22 |
$20,798,768.00 |
-$7,655,875.00 |
-$0.00 |
$13,142,893.00 |
| 23 |
$21,838,384.00 |
-$8,040,532.00 |
-$0.00 |
$13,797,852.00 |
| 24 |
$22,930,576.00 |
-$8,444,644.00 |
-$0.00 |
$14,485,932.00 |
| 25 |
$24,076,832.00 |
-$8,868,758.00 |
-$0.00 |
$15,208,074.00 |
| 26 |
$25,281,120.00 |
-$9,314,345.00 |
-$0.00 |
$15,966,775.00 |
| 27 |
$26,544,928.00 |
-$9,781,954.00 |
-$0.00 |
$16,762,974.00 |
| 28 |
$27,872,224.00 |
-$10,273,053.00 |
-$0.00 |
$17,599,171.00 |
| 29 |
$29,265,984.00 |
-$10,788,744.00 |
-$0.00 |
$18,477,240.00 |
| 30 |
$30,729,184.00 |
-$11,330,128.00 |
-$0.00 |
$19,399,056.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$496,000,000.00 |
-$183,520,000.00 |
-$0.00 |
$312,480,000.00 |
|
