| Cash Option ($128.5 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $128,500,000.00 |
-$32,125,000.00 |
-$5,140,000.00 |
$91,235,000.00 |
| Annuity ($212 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$3,180,000.00 |
-$795,000.00 |
-$127,200.00 |
$2,257,800.00 |
| 2 |
$3,339,633.74 |
-$834,908.43 |
-$133,585.35 |
$2,371,139.95 |
| 3 |
$3,507,280.98 |
-$876,820.24 |
-$140,291.24 |
$2,490,169.49 |
| 4 |
$3,683,343.99 |
-$920,836.00 |
-$147,333.76 |
$2,615,174.23 |
| 5 |
$3,868,245.24 |
-$967,061.31 |
-$154,729.81 |
$2,746,454.12 |
| 6 |
$4,062,428.40 |
-$1,015,607.10 |
-$162,497.14 |
$2,884,324.16 |
| 7 |
$4,266,359.41 |
-$1,066,589.85 |
-$170,654.38 |
$3,029,115.18 |
| 8 |
$4,480,527.62 |
-$1,120,131.91 |
-$179,221.10 |
$3,181,174.61 |
| 9 |
$4,705,446.92 |
-$1,176,361.73 |
-$188,217.88 |
$3,340,867.31 |
| 10 |
$4,941,657.01 |
-$1,235,414.25 |
-$197,666.28 |
$3,508,576.48 |
| 11 |
$5,189,724.68 |
-$1,297,431.17 |
-$207,588.99 |
$3,684,704.52 |
| 12 |
$5,450,245.16 |
-$1,362,561.29 |
-$218,009.81 |
$3,869,674.07 |
| 13 |
$5,723,843.60 |
-$1,430,960.90 |
-$228,953.74 |
$4,063,928.95 |
| 14 |
$6,011,176.47 |
-$1,502,794.12 |
-$240,447.06 |
$4,267,935.30 |
| 15 |
$6,312,933.26 |
-$1,578,233.31 |
-$252,517.33 |
$4,482,182.61 |
| 16 |
$6,629,838.02 |
-$1,657,459.50 |
-$265,193.52 |
$4,707,184.99 |
| 17 |
$6,962,651.17 |
-$1,740,662.79 |
-$278,506.05 |
$4,943,482.33 |
| 18 |
$7,312,171.31 |
-$1,828,042.83 |
-$292,486.85 |
$5,191,641.63 |
| 19 |
$7,679,237.11 |
-$1,919,809.28 |
-$307,169.48 |
$5,452,258.35 |
| 20 |
$8,064,729.35 |
-$2,016,182.34 |
-$322,589.17 |
$5,725,957.84 |
| 21 |
$8,469,573.03 |
-$2,117,393.26 |
-$338,782.92 |
$6,013,396.85 |
| 22 |
$8,894,739.57 |
-$2,223,684.89 |
-$355,789.58 |
$6,315,265.09 |
| 23 |
$9,341,249.17 |
-$2,335,312.29 |
-$373,649.97 |
$6,632,286.91 |
| 24 |
$9,810,173.23 |
-$2,452,543.31 |
-$392,406.93 |
$6,965,223.00 |
| 25 |
$10,302,636.95 |
-$2,575,659.24 |
-$412,105.48 |
$7,314,872.24 |
| 26 |
$10,819,822.00 |
-$2,704,955.50 |
-$432,792.88 |
$7,682,073.62 |
| 27 |
$11,362,969.37 |
-$2,840,742.34 |
-$454,518.77 |
$8,067,708.25 |
| 28 |
$11,933,382.35 |
-$2,983,345.59 |
-$477,335.29 |
$8,472,701.47 |
| 29 |
$12,532,429.66 |
-$3,133,107.41 |
-$501,297.19 |
$8,898,025.06 |
| 30 |
$13,161,548.71 |
-$3,290,387.18 |
-$526,461.95 |
$9,344,699.59 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$212,000,000.00 |
-$53,000,000.00 |
-$8,480,000.00 |
$150,520,000.00 |
|
Next Drawing: Fri, Apr 26
