Cash Option ($65.1 Million) |
Gross Cash Payment |
25% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$65,100,000.00 |
-$16,275,000.00 |
-$0.00 |
$48,825,000.00 |
Annuity ($111 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
25% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$1,665,000.00 |
-$416,250.00 |
-$0.00 |
$1,248,750.00 |
2 |
$1,748,581.82 |
-$437,145.45 |
-$0.00 |
$1,311,436.36 |
3 |
$1,836,359.38 |
-$459,089.84 |
-$0.00 |
$1,377,269.53 |
4 |
$1,928,543.31 |
-$482,135.83 |
-$0.00 |
$1,446,407.49 |
5 |
$2,025,354.82 |
-$506,338.70 |
-$0.00 |
$1,519,016.11 |
6 |
$2,127,026.19 |
-$531,756.55 |
-$0.00 |
$1,595,269.64 |
7 |
$2,233,801.39 |
-$558,450.35 |
-$0.00 |
$1,675,351.04 |
8 |
$2,345,936.63 |
-$586,484.16 |
-$0.00 |
$1,759,452.47 |
9 |
$2,463,700.98 |
-$615,925.25 |
-$0.00 |
$1,847,775.74 |
10 |
$2,587,377.02 |
-$646,844.25 |
-$0.00 |
$1,940,532.76 |
11 |
$2,717,261.51 |
-$679,315.38 |
-$0.00 |
$2,037,946.13 |
12 |
$2,853,666.10 |
-$713,416.53 |
-$0.00 |
$2,140,249.58 |
13 |
$2,996,918.11 |
-$749,229.53 |
-$0.00 |
$2,247,688.58 |
14 |
$3,147,361.27 |
-$786,840.32 |
-$0.00 |
$2,360,520.95 |
15 |
$3,305,356.56 |
-$826,339.14 |
-$0.00 |
$2,479,017.42 |
16 |
$3,471,283.11 |
-$867,820.78 |
-$0.00 |
$2,603,462.33 |
17 |
$3,645,539.06 |
-$911,384.76 |
-$0.00 |
$2,734,154.29 |
18 |
$3,828,542.52 |
-$957,135.63 |
-$0.00 |
$2,871,406.89 |
19 |
$4,020,732.64 |
-$1,005,183.16 |
-$0.00 |
$3,015,549.48 |
20 |
$4,222,570.55 |
-$1,055,642.64 |
-$0.00 |
$3,166,927.92 |
21 |
$4,434,540.59 |
-$1,108,635.15 |
-$0.00 |
$3,325,905.44 |
22 |
$4,657,151.38 |
-$1,164,287.84 |
-$0.00 |
$3,492,863.53 |
23 |
$4,890,937.06 |
-$1,222,734.27 |
-$0.00 |
$3,668,202.80 |
24 |
$5,136,458.63 |
-$1,284,114.66 |
-$0.00 |
$3,852,343.97 |
25 |
$5,394,305.20 |
-$1,348,576.30 |
-$0.00 |
$4,045,728.90 |
26 |
$5,665,095.48 |
-$1,416,273.87 |
-$0.00 |
$4,248,821.61 |
27 |
$5,949,479.24 |
-$1,487,369.81 |
-$0.00 |
$4,462,109.43 |
28 |
$6,248,138.87 |
-$1,562,034.72 |
-$0.00 |
$4,686,104.15 |
29 |
$6,561,791.00 |
-$1,640,447.75 |
-$0.00 |
$4,921,343.25 |
30 |
$6,891,188.24 |
-$1,722,797.06 |
-$0.00 |
$5,168,391.18 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$111,000,000.00 |
-$27,750,000.00 |
-$0.00 |
$83,250,000.00 |
|