| Cash Option ($164.1 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $164,100,000.00 |
-$41,025,000.00 |
-$6,564,000.00 |
$116,511,000.00 |
| Annuity ($262 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$3,930,000.00 |
-$982,500.00 |
-$157,200.00 |
$2,790,300.00 |
| 2 |
$4,127,283.20 |
-$1,031,820.80 |
-$165,091.33 |
$2,930,371.08 |
| 3 |
$4,334,469.89 |
-$1,083,617.47 |
-$173,378.80 |
$3,077,473.62 |
| 4 |
$4,552,057.19 |
-$1,138,014.30 |
-$182,082.29 |
$3,231,960.61 |
| 5 |
$4,780,567.23 |
-$1,195,141.81 |
-$191,222.69 |
$3,394,202.73 |
| 6 |
$5,020,548.30 |
-$1,255,137.08 |
-$200,821.93 |
$3,564,589.29 |
| 7 |
$5,272,576.25 |
-$1,318,144.06 |
-$210,903.05 |
$3,743,529.14 |
| 8 |
$5,537,255.83 |
-$1,384,313.96 |
-$221,490.23 |
$3,931,451.64 |
| 9 |
$5,815,222.14 |
-$1,453,805.53 |
-$232,608.89 |
$4,128,807.72 |
| 10 |
$6,107,142.15 |
-$1,526,785.54 |
-$244,285.69 |
$4,336,070.93 |
| 11 |
$6,413,716.35 |
-$1,603,429.09 |
-$256,548.65 |
$4,553,738.61 |
| 12 |
$6,735,680.34 |
-$1,683,920.09 |
-$269,427.21 |
$4,782,333.04 |
| 13 |
$7,073,806.71 |
-$1,768,451.68 |
-$282,952.27 |
$5,022,402.76 |
| 14 |
$7,428,906.77 |
-$1,857,226.69 |
-$297,156.27 |
$5,274,523.81 |
| 15 |
$7,801,832.61 |
-$1,950,458.15 |
-$312,073.30 |
$5,539,301.15 |
| 16 |
$8,193,479.06 |
-$2,048,369.76 |
-$327,739.16 |
$5,817,370.13 |
| 17 |
$8,604,785.88 |
-$2,151,196.47 |
-$344,191.44 |
$6,109,397.97 |
| 18 |
$9,036,740.01 |
-$2,259,185.00 |
-$361,469.60 |
$6,416,085.41 |
| 19 |
$9,490,377.93 |
-$2,372,594.48 |
-$379,615.12 |
$6,738,168.33 |
| 20 |
$9,966,788.16 |
-$2,491,697.04 |
-$398,671.53 |
$7,076,419.59 |
| 21 |
$10,467,113.83 |
-$2,616,778.46 |
-$418,684.55 |
$7,431,650.82 |
| 22 |
$10,992,555.50 |
-$2,748,138.88 |
-$439,702.22 |
$7,804,714.41 |
| 23 |
$11,544,373.97 |
-$2,886,093.49 |
-$461,774.96 |
$8,196,505.52 |
| 24 |
$12,123,893.33 |
-$3,030,973.33 |
-$484,955.73 |
$8,607,964.27 |
| 25 |
$12,732,504.16 |
-$3,183,126.04 |
-$509,300.17 |
$9,040,077.95 |
| 26 |
$13,371,666.81 |
-$3,342,916.70 |
-$534,866.67 |
$9,493,883.44 |
| 27 |
$14,042,914.97 |
-$3,510,728.74 |
-$561,716.60 |
$9,970,469.63 |
| 28 |
$14,747,859.32 |
-$3,686,964.83 |
-$589,914.37 |
$10,470,980.12 |
| 29 |
$15,488,191.37 |
-$3,872,047.84 |
-$619,527.65 |
$10,996,615.87 |
| 30 |
$16,265,687.56 |
-$4,066,421.89 |
-$650,627.50 |
$11,548,638.17 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$262,000,000.00 |
-$65,500,000.00 |
-$10,480,000.00 |
$186,020,000.00 |
|
Next Drawing: Tue, Jul 25
