| Cash Option ($155.5 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
6% State
Withholding |
Lump-Sum
Net Payment |
| $155,500,000.00 |
-$38,875,000.00 |
-$9,330,000.00 |
$107,295,000.00 |
| Annuity ($262 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
6% State
Withholding |
Annual
Net Payment |
| 1 |
$4,671,485.97 |
-$1,167,871.49 |
-$280,289.16 |
$3,223,325.32 |
| 2 |
$4,858,345.41 |
-$1,214,586.35 |
-$291,500.72 |
$3,352,258.33 |
| 3 |
$5,052,679.23 |
-$1,263,169.81 |
-$303,160.75 |
$3,486,348.67 |
| 4 |
$5,254,786.40 |
-$1,313,696.60 |
-$315,287.18 |
$3,625,802.61 |
| 5 |
$5,464,977.85 |
-$1,366,244.46 |
-$327,898.67 |
$3,770,834.72 |
| 6 |
$5,683,576.97 |
-$1,420,894.24 |
-$341,014.62 |
$3,921,668.11 |
| 7 |
$5,910,920.05 |
-$1,477,730.01 |
-$354,655.20 |
$4,078,534.83 |
| 8 |
$6,147,356.85 |
-$1,536,839.21 |
-$368,841.41 |
$4,241,676.23 |
| 9 |
$6,393,251.12 |
-$1,598,312.78 |
-$383,595.07 |
$4,411,343.27 |
| 10 |
$6,648,981.17 |
-$1,662,245.29 |
-$398,938.87 |
$4,587,797.01 |
| 11 |
$6,914,940.41 |
-$1,728,735.10 |
-$414,896.42 |
$4,771,308.89 |
| 12 |
$7,191,538.03 |
-$1,797,884.51 |
-$431,492.28 |
$4,962,161.24 |
| 13 |
$7,479,199.55 |
-$1,869,799.89 |
-$448,751.97 |
$5,160,647.69 |
| 14 |
$7,778,367.53 |
-$1,944,591.88 |
-$466,702.05 |
$5,367,073.60 |
| 15 |
$8,089,502.23 |
-$2,022,375.56 |
-$485,370.13 |
$5,581,756.54 |
| 16 |
$8,413,082.32 |
-$2,103,270.58 |
-$504,784.94 |
$5,805,026.80 |
| 17 |
$8,749,605.62 |
-$2,187,401.40 |
-$524,976.34 |
$6,037,227.88 |
| 18 |
$9,099,589.84 |
-$2,274,897.46 |
-$545,975.39 |
$6,278,716.99 |
| 19 |
$9,463,573.44 |
-$2,365,893.36 |
-$567,814.41 |
$6,529,865.67 |
| 20 |
$9,842,116.37 |
-$2,460,529.09 |
-$590,526.98 |
$6,791,060.30 |
| 21 |
$10,235,801.03 |
-$2,558,950.26 |
-$614,148.06 |
$7,062,702.71 |
| 22 |
$10,645,233.07 |
-$2,661,308.27 |
-$638,713.98 |
$7,345,210.82 |
| 23 |
$11,071,042.39 |
-$2,767,760.60 |
-$664,262.54 |
$7,639,019.25 |
| 24 |
$11,513,884.09 |
-$2,878,471.02 |
-$690,833.05 |
$7,944,580.02 |
| 25 |
$11,974,439.45 |
-$2,993,609.86 |
-$718,466.37 |
$8,262,363.22 |
| 26 |
$12,453,417.03 |
-$3,113,354.26 |
-$747,205.02 |
$8,592,857.75 |
| 27 |
$12,951,553.71 |
-$3,237,888.43 |
-$777,093.22 |
$8,936,572.06 |
| 28 |
$13,469,615.86 |
-$3,367,403.96 |
-$808,176.95 |
$9,294,034.94 |
| 29 |
$14,008,400.49 |
-$3,502,100.12 |
-$840,504.03 |
$9,665,796.34 |
| 30 |
$14,568,736.51 |
-$3,642,184.13 |
-$874,124.19 |
$10,052,428.19 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$262,000,000.00 |
-$65,500,000.00 |
-$15,720,000.00 |
$180,780,000.00 |
|
Next Drawing: Wed, Dec 19
