| Cash Option ($93 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
6% State
Withholding |
Lump-Sum
Net Payment |
| $93,000,000.00 |
-$23,250,000.00 |
-$5,580,000.00 |
$64,170,000.00 |
| Annuity ($150 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
6% State
Withholding |
Annual
Net Payment |
| 1 |
$2,674,514.87 |
-$668,628.72 |
-$160,470.89 |
$1,845,415.26 |
| 2 |
$2,781,495.46 |
-$695,373.87 |
-$166,889.73 |
$1,919,231.87 |
| 3 |
$2,892,755.28 |
-$723,188.82 |
-$173,565.32 |
$1,996,001.15 |
| 4 |
$3,008,465.49 |
-$752,116.37 |
-$180,507.93 |
$2,075,841.19 |
| 5 |
$3,128,804.11 |
-$782,201.03 |
-$187,728.25 |
$2,158,874.84 |
| 6 |
$3,253,956.28 |
-$813,489.07 |
-$195,237.38 |
$2,245,229.83 |
| 7 |
$3,384,114.53 |
-$846,028.63 |
-$203,046.87 |
$2,335,039.03 |
| 8 |
$3,519,479.11 |
-$879,869.78 |
-$211,168.75 |
$2,428,440.59 |
| 9 |
$3,660,258.28 |
-$915,064.57 |
-$219,615.50 |
$2,525,578.21 |
| 10 |
$3,806,668.61 |
-$951,667.15 |
-$228,400.12 |
$2,626,601.34 |
| 11 |
$3,958,935.35 |
-$989,733.84 |
-$237,536.12 |
$2,731,665.39 |
| 12 |
$4,117,292.77 |
-$1,029,323.19 |
-$247,037.57 |
$2,840,932.01 |
| 13 |
$4,281,984.48 |
-$1,070,496.12 |
-$256,919.07 |
$2,954,569.29 |
| 14 |
$4,453,263.86 |
-$1,113,315.96 |
-$267,195.83 |
$3,072,752.06 |
| 15 |
$4,631,394.41 |
-$1,157,848.60 |
-$277,883.66 |
$3,195,662.14 |
| 16 |
$4,816,650.19 |
-$1,204,162.55 |
-$288,999.01 |
$3,323,488.63 |
| 17 |
$5,009,316.19 |
-$1,252,329.05 |
-$300,558.97 |
$3,456,428.17 |
| 18 |
$5,209,688.84 |
-$1,302,422.21 |
-$312,581.33 |
$3,594,685.30 |
| 19 |
$5,418,076.39 |
-$1,354,519.10 |
-$325,084.58 |
$3,738,472.71 |
| 20 |
$5,634,799.45 |
-$1,408,699.86 |
-$338,087.97 |
$3,888,011.62 |
| 21 |
$5,860,191.43 |
-$1,465,047.86 |
-$351,611.49 |
$4,043,532.09 |
| 22 |
$6,094,599.09 |
-$1,523,649.77 |
-$365,675.95 |
$4,205,273.37 |
| 23 |
$6,338,383.05 |
-$1,584,595.76 |
-$380,302.98 |
$4,373,484.30 |
| 24 |
$6,591,918.37 |
-$1,647,979.59 |
-$395,515.10 |
$4,548,423.68 |
| 25 |
$6,855,595.11 |
-$1,713,898.78 |
-$411,335.71 |
$4,730,360.62 |
| 26 |
$7,129,818.91 |
-$1,782,454.73 |
-$427,789.13 |
$4,919,575.05 |
| 27 |
$7,415,011.67 |
-$1,853,752.92 |
-$444,900.70 |
$5,116,358.05 |
| 28 |
$7,711,612.13 |
-$1,927,903.03 |
-$462,696.73 |
$5,321,012.37 |
| 29 |
$8,020,076.62 |
-$2,005,019.15 |
-$481,204.60 |
$5,533,852.87 |
| 30 |
$8,340,879.68 |
-$2,085,219.92 |
-$500,452.78 |
$5,755,206.98 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$150,000,000.00 |
-$37,500,000.00 |
-$9,000,000.00 |
$103,500,000.00 |
|
Next Drawing: Wed, Apr 24
