Cash Option ($94.3 Million) |
Gross Cash Payment |
25% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$94,300,000.00 |
-$23,575,000.00 |
-$0.00 |
$70,725,000.00 |
Annuity ($158 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
25% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$2,817,155.66 |
-$704,288.92 |
-$0.00 |
$2,112,866.75 |
2 |
$2,929,841.89 |
-$732,460.47 |
-$0.00 |
$2,197,381.42 |
3 |
$3,047,035.57 |
-$761,758.89 |
-$0.00 |
$2,285,276.67 |
4 |
$3,168,916.99 |
-$792,229.25 |
-$0.00 |
$2,376,687.74 |
5 |
$3,295,673.67 |
-$823,918.42 |
-$0.00 |
$2,471,755.25 |
6 |
$3,427,500.61 |
-$856,875.15 |
-$0.00 |
$2,570,625.46 |
7 |
$3,564,600.64 |
-$891,150.16 |
-$0.00 |
$2,673,450.48 |
8 |
$3,707,184.66 |
-$926,796.17 |
-$0.00 |
$2,780,388.50 |
9 |
$3,855,472.05 |
-$963,868.01 |
-$0.00 |
$2,891,604.04 |
10 |
$4,009,690.93 |
-$1,002,422.73 |
-$0.00 |
$3,007,268.20 |
11 |
$4,170,078.57 |
-$1,042,519.64 |
-$0.00 |
$3,127,558.93 |
12 |
$4,336,881.71 |
-$1,084,220.43 |
-$0.00 |
$3,252,661.28 |
13 |
$4,510,356.98 |
-$1,127,589.25 |
-$0.00 |
$3,382,767.74 |
14 |
$4,690,771.26 |
-$1,172,692.82 |
-$0.00 |
$3,518,078.45 |
15 |
$4,878,402.11 |
-$1,219,600.53 |
-$0.00 |
$3,658,801.58 |
16 |
$5,073,538.20 |
-$1,268,384.55 |
-$0.00 |
$3,805,153.65 |
17 |
$5,276,479.72 |
-$1,319,119.93 |
-$0.00 |
$3,957,359.79 |
18 |
$5,487,538.91 |
-$1,371,884.73 |
-$0.00 |
$4,115,654.18 |
19 |
$5,707,040.47 |
-$1,426,760.12 |
-$0.00 |
$4,280,280.35 |
20 |
$5,935,322.09 |
-$1,483,830.52 |
-$0.00 |
$4,451,491.57 |
21 |
$6,172,734.97 |
-$1,543,183.74 |
-$0.00 |
$4,629,551.23 |
22 |
$6,419,644.37 |
-$1,604,911.09 |
-$0.00 |
$4,814,733.28 |
23 |
$6,676,430.14 |
-$1,669,107.54 |
-$0.00 |
$5,007,322.61 |
24 |
$6,943,487.35 |
-$1,735,871.84 |
-$0.00 |
$5,207,615.51 |
25 |
$7,221,226.84 |
-$1,805,306.71 |
-$0.00 |
$5,415,920.13 |
26 |
$7,510,075.92 |
-$1,877,518.98 |
-$0.00 |
$5,632,556.94 |
27 |
$7,810,478.95 |
-$1,952,619.74 |
-$0.00 |
$5,857,859.22 |
28 |
$8,122,898.11 |
-$2,030,724.53 |
-$0.00 |
$6,092,173.58 |
29 |
$8,447,814.04 |
-$2,111,953.51 |
-$0.00 |
$6,335,860.53 |
30 |
$8,785,726.60 |
-$2,196,431.65 |
-$0.00 |
$6,589,294.95 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$158,000,000.00 |
-$39,500,000.00 |
-$0.00 |
$118,500,000.00 |
|