| Cash Option ($380 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $380,000,000.00 |
-$95,000,000.00 |
-$15,200,000.00 |
$269,800,000.00 |
| Annuity ($667 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$10,005,000.00 |
-$2,501,250.00 |
-$400,200.00 |
$7,103,550.00 |
| 2 |
$10,507,243.88 |
-$2,626,810.97 |
-$420,289.76 |
$7,460,143.16 |
| 3 |
$11,034,700.05 |
-$2,758,675.01 |
-$441,388.00 |
$7,834,637.04 |
| 4 |
$11,588,634.15 |
-$2,897,158.54 |
-$463,545.37 |
$8,227,930.25 |
| 5 |
$12,170,375.34 |
-$3,042,593.84 |
-$486,815.01 |
$8,640,966.49 |
| 6 |
$12,781,319.53 |
-$3,195,329.88 |
-$511,252.78 |
$9,074,736.87 |
| 7 |
$13,422,932.68 |
-$3,355,733.17 |
-$536,917.31 |
$9,530,282.20 |
| 8 |
$14,096,754.35 |
-$3,524,188.59 |
-$563,870.17 |
$10,008,695.59 |
| 9 |
$14,804,401.40 |
-$3,701,100.35 |
-$592,176.06 |
$10,511,124.99 |
| 10 |
$15,547,571.82 |
-$3,886,892.95 |
-$621,902.87 |
$11,038,775.99 |
| 11 |
$16,328,048.86 |
-$4,082,012.22 |
-$653,121.95 |
$11,592,914.69 |
| 12 |
$17,147,705.31 |
-$4,286,926.33 |
-$685,908.21 |
$12,174,870.77 |
| 13 |
$18,008,507.92 |
-$4,502,126.98 |
-$720,340.32 |
$12,786,040.62 |
| 14 |
$18,912,522.21 |
-$4,728,130.55 |
-$756,500.89 |
$13,427,890.77 |
| 15 |
$19,861,917.37 |
-$4,965,479.34 |
-$794,476.69 |
$14,101,961.33 |
| 16 |
$20,858,971.50 |
-$5,214,742.87 |
-$834,358.86 |
$14,809,869.76 |
| 17 |
$21,906,077.03 |
-$5,476,519.26 |
-$876,243.08 |
$15,553,314.69 |
| 18 |
$23,005,746.52 |
-$5,751,436.63 |
-$920,229.86 |
$16,334,080.03 |
| 19 |
$24,160,618.63 |
-$6,040,154.66 |
-$966,424.75 |
$17,154,039.23 |
| 20 |
$25,373,464.50 |
-$6,343,366.13 |
-$1,014,938.58 |
$18,015,159.80 |
| 21 |
$26,647,194.38 |
-$6,661,798.59 |
-$1,065,887.78 |
$18,919,508.01 |
| 22 |
$27,984,864.58 |
-$6,996,216.15 |
-$1,119,394.58 |
$19,869,253.85 |
| 23 |
$29,389,684.88 |
-$7,347,421.22 |
-$1,175,587.40 |
$20,866,676.27 |
| 24 |
$30,865,026.16 |
-$7,716,256.54 |
-$1,234,601.05 |
$21,914,168.57 |
| 25 |
$32,414,428.52 |
-$8,103,607.13 |
-$1,296,577.14 |
$23,014,244.25 |
| 26 |
$34,041,609.78 |
-$8,510,402.45 |
-$1,361,664.39 |
$24,169,542.94 |
| 27 |
$35,750,474.38 |
-$8,937,618.60 |
-$1,430,018.98 |
$25,382,836.81 |
| 28 |
$37,545,122.77 |
-$9,386,280.69 |
-$1,501,804.91 |
$26,657,037.17 |
| 29 |
$39,429,861.23 |
-$9,857,465.31 |
-$1,577,194.45 |
$27,995,201.47 |
| 30 |
$41,409,212.22 |
-$10,352,303.06 |
-$1,656,368.49 |
$29,400,540.68 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$667,000,000.00 |
-$166,750,000.00 |
-$26,680,000.00 |
$473,570,000.00 |
|
Next Drawing: Tue, Oct 16
