| Cash Option ($115.5 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $115,500,000.00 |
-$28,875,000.00 |
-$4,620,000.00 |
$82,005,000.00 |
| Annuity ($192 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$2,880,000.00 |
-$720,000.00 |
-$115,200.00 |
$2,044,800.00 |
| 2 |
$3,024,573.95 |
-$756,143.49 |
-$120,982.96 |
$2,147,447.51 |
| 3 |
$3,176,405.41 |
-$794,101.35 |
-$127,056.22 |
$2,255,247.84 |
| 4 |
$3,335,858.71 |
-$833,964.68 |
-$133,434.35 |
$2,368,459.68 |
| 5 |
$3,503,316.44 |
-$875,829.11 |
-$140,132.66 |
$2,487,354.67 |
| 6 |
$3,679,180.43 |
-$919,795.11 |
-$147,167.22 |
$2,612,218.11 |
| 7 |
$3,863,872.68 |
-$965,968.17 |
-$154,554.91 |
$2,743,349.60 |
| 8 |
$4,057,836.34 |
-$1,014,459.08 |
-$162,313.45 |
$2,881,063.80 |
| 9 |
$4,261,536.83 |
-$1,065,384.21 |
-$170,461.47 |
$3,025,691.15 |
| 10 |
$4,475,462.95 |
-$1,118,865.74 |
-$179,018.52 |
$3,177,578.70 |
| 11 |
$4,700,128.01 |
-$1,175,032.00 |
-$188,005.12 |
$3,337,090.89 |
| 12 |
$4,936,071.09 |
-$1,234,017.77 |
-$197,442.84 |
$3,504,610.48 |
| 13 |
$5,183,858.35 |
-$1,295,964.59 |
-$207,354.33 |
$3,680,539.43 |
| 14 |
$5,444,084.35 |
-$1,361,021.09 |
-$217,763.37 |
$3,865,299.89 |
| 15 |
$5,717,373.52 |
-$1,429,343.38 |
-$228,694.94 |
$4,059,335.20 |
| 16 |
$6,004,381.60 |
-$1,501,095.40 |
-$240,175.26 |
$4,263,110.94 |
| 17 |
$6,305,797.29 |
-$1,576,449.32 |
-$252,231.89 |
$4,477,116.07 |
| 18 |
$6,622,343.83 |
-$1,655,585.96 |
-$264,893.75 |
$4,701,864.12 |
| 19 |
$6,954,780.78 |
-$1,738,695.19 |
-$278,191.23 |
$4,937,894.35 |
| 20 |
$7,303,905.82 |
-$1,825,976.46 |
-$292,156.23 |
$5,185,773.14 |
| 21 |
$7,670,556.70 |
-$1,917,639.18 |
-$306,822.27 |
$5,446,095.26 |
| 22 |
$8,055,613.19 |
-$2,013,903.30 |
-$322,224.53 |
$5,719,485.37 |
| 23 |
$8,459,999.25 |
-$2,114,999.81 |
-$338,399.97 |
$6,006,599.46 |
| 24 |
$8,884,685.19 |
-$2,221,171.30 |
-$355,387.41 |
$6,308,126.49 |
| 25 |
$9,330,690.07 |
-$2,332,672.52 |
-$373,227.60 |
$6,624,789.95 |
| 26 |
$9,799,084.08 |
-$2,449,771.02 |
-$391,963.36 |
$6,957,349.69 |
| 27 |
$10,290,991.13 |
-$2,572,747.78 |
-$411,639.65 |
$7,306,603.70 |
| 28 |
$10,807,591.56 |
-$2,701,897.89 |
-$432,303.66 |
$7,673,390.01 |
| 29 |
$11,350,124.97 |
-$2,837,531.24 |
-$454,005.00 |
$8,058,588.73 |
| 30 |
$11,919,893.17 |
-$2,979,973.29 |
-$476,795.73 |
$8,463,124.15 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$192,000,000.00 |
-$48,000,000.00 |
-$7,680,000.00 |
$136,320,000.00 |
|
Next Drawing: Fri, Jun 22
