| Cash Option ($40.8 Million) |
Gross
Cash Payment |
37% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $40,800,000.00 |
-$15,056,330.00 |
-$0.00 |
$25,743,670.00 |
| Annuity ($90 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
37% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$1,354,590.00 |
-$461,529.00 |
-$0.00 |
$893,061.00 |
| 2 |
$1,422,360.00 |
-$486,604.00 |
-$0.00 |
$935,756.00 |
| 3 |
$1,493,460.00 |
-$512,911.00 |
-$0.00 |
$980,549.00 |
| 4 |
$1,568,160.00 |
-$540,550.00 |
-$0.00 |
$1,027,610.00 |
| 5 |
$1,646,550.00 |
-$569,554.00 |
-$0.00 |
$1,076,996.00 |
| 6 |
$1,728,900.00 |
-$600,023.00 |
-$0.00 |
$1,128,877.00 |
| 7 |
$1,815,300.00 |
-$631,991.00 |
-$0.00 |
$1,183,309.00 |
| 8 |
$1,906,110.00 |
-$665,591.00 |
-$0.00 |
$1,240,519.00 |
| 9 |
$2,001,420.00 |
-$700,856.00 |
-$0.00 |
$1,300,564.00 |
| 10 |
$2,101,500.00 |
-$737,885.00 |
-$0.00 |
$1,363,615.00 |
| 11 |
$2,206,530.00 |
-$776,746.00 |
-$0.00 |
$1,429,784.00 |
| 12 |
$2,316,870.00 |
-$817,572.00 |
-$0.00 |
$1,499,298.00 |
| 13 |
$2,432,700.00 |
-$860,429.00 |
-$0.00 |
$1,572,271.00 |
| 14 |
$2,554,380.00 |
-$905,451.00 |
-$0.00 |
$1,648,929.00 |
| 15 |
$2,682,090.00 |
-$952,704.00 |
-$0.00 |
$1,729,386.00 |
| 16 |
$2,816,190.00 |
-$1,002,321.00 |
-$0.00 |
$1,813,869.00 |
| 17 |
$2,956,950.00 |
-$1,054,402.00 |
-$0.00 |
$1,902,548.00 |
| 18 |
$3,104,820.00 |
-$1,109,114.00 |
-$0.00 |
$1,995,706.00 |
| 19 |
$3,260,070.00 |
-$1,166,556.00 |
-$0.00 |
$2,093,514.00 |
| 20 |
$3,423,060.00 |
-$1,226,863.00 |
-$0.00 |
$2,196,197.00 |
| 21 |
$3,594,240.00 |
-$1,290,199.00 |
-$0.00 |
$2,304,041.00 |
| 22 |
$3,773,970.00 |
-$1,356,699.00 |
-$0.00 |
$2,417,271.00 |
| 23 |
$3,962,610.00 |
-$1,426,496.00 |
-$0.00 |
$2,536,114.00 |
| 24 |
$4,160,790.00 |
-$1,499,823.00 |
-$0.00 |
$2,660,967.00 |
| 25 |
$4,368,780.00 |
-$1,576,779.00 |
-$0.00 |
$2,792,001.00 |
| 26 |
$4,587,300.00 |
-$1,657,631.00 |
-$0.00 |
$2,929,669.00 |
| 27 |
$4,816,620.00 |
-$1,742,480.00 |
-$0.00 |
$3,074,140.00 |
| 28 |
$5,057,460.00 |
-$1,831,591.00 |
-$0.00 |
$3,225,869.00 |
| 29 |
$5,310,360.00 |
-$1,925,164.00 |
-$0.00 |
$3,385,196.00 |
| 30 |
$5,575,860.00 |
-$2,023,399.00 |
-$0.00 |
$3,552,461.00 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$90,000,000.00 |
-$33,300,000.00 |
-$0.00 |
$56,700,000.00 |
|
