| Cash Option ($59.6 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
4% State
Withholding |
Lump-Sum
Net Payment |
| $59,600,000.00 |
-$14,900,000.00 |
-$2,384,000.00 |
$42,316,000.00 |
| Annuity ($94 Million in 30 Annual Payments) |
| Year |
Annual Gross Payment |
25% Federal
Withholding |
4% State
Withholding |
Annual
Net Payment |
| 1 |
$1,410,000.00 |
-$352,500.00 |
-$56,400.00 |
$1,001,100.00 |
| 2 |
$1,480,781.00 |
-$370,195.25 |
-$59,231.24 |
$1,051,354.51 |
| 3 |
$1,555,115.15 |
-$388,778.79 |
-$62,204.61 |
$1,104,131.76 |
| 4 |
$1,633,180.82 |
-$408,295.21 |
-$65,327.23 |
$1,159,558.39 |
| 5 |
$1,715,165.34 |
-$428,791.34 |
-$68,606.61 |
$1,217,767.39 |
| 6 |
$1,801,265.42 |
-$450,316.36 |
-$72,050.62 |
$1,278,898.45 |
| 7 |
$1,891,687.66 |
-$472,921.92 |
-$75,667.51 |
$1,343,098.24 |
| 8 |
$1,986,649.04 |
-$496,662.26 |
-$79,465.96 |
$1,410,520.82 |
| 9 |
$2,086,377.41 |
-$521,594.35 |
-$83,455.10 |
$1,481,327.96 |
| 10 |
$2,191,112.07 |
-$547,778.02 |
-$87,644.48 |
$1,555,689.57 |
| 11 |
$2,301,104.34 |
-$575,276.08 |
-$92,044.17 |
$1,633,784.08 |
| 12 |
$2,416,618.14 |
-$604,154.53 |
-$96,664.73 |
$1,715,798.88 |
| 13 |
$2,537,930.65 |
-$634,482.66 |
-$101,517.23 |
$1,801,930.76 |
| 14 |
$2,665,332.96 |
-$666,333.24 |
-$106,613.32 |
$1,892,386.40 |
| 15 |
$2,799,130.78 |
-$699,782.70 |
-$111,965.23 |
$1,987,382.86 |
| 16 |
$2,939,645.16 |
-$734,911.29 |
-$117,585.81 |
$2,087,148.06 |
| 17 |
$3,087,213.25 |
-$771,803.31 |
-$123,488.53 |
$2,191,921.41 |
| 18 |
$3,242,189.16 |
-$810,547.29 |
-$129,687.57 |
$2,301,954.31 |
| 19 |
$3,404,944.75 |
-$851,236.19 |
-$136,197.79 |
$2,417,510.78 |
| 20 |
$3,575,870.56 |
-$893,967.64 |
-$143,034.82 |
$2,538,868.10 |
| 21 |
$3,755,376.72 |
-$938,844.18 |
-$150,215.07 |
$2,666,317.47 |
| 22 |
$3,943,893.96 |
-$985,973.49 |
-$157,755.76 |
$2,800,164.71 |
| 23 |
$4,141,874.63 |
-$1,035,468.66 |
-$165,674.99 |
$2,940,730.99 |
| 24 |
$4,349,793.79 |
-$1,087,448.45 |
-$173,991.75 |
$3,088,353.59 |
| 25 |
$4,568,150.35 |
-$1,142,037.59 |
-$182,726.01 |
$3,243,386.75 |
| 26 |
$4,797,468.25 |
-$1,199,367.06 |
-$191,898.73 |
$3,406,202.45 |
| 27 |
$5,038,297.74 |
-$1,259,574.43 |
-$201,531.91 |
$3,577,191.39 |
| 28 |
$5,291,216.70 |
-$1,322,804.18 |
-$211,648.67 |
$3,756,763.86 |
| 29 |
$5,556,832.02 |
-$1,389,208.00 |
-$222,273.28 |
$3,945,350.73 |
| 30 |
$5,835,781.03 |
-$1,458,945.26 |
-$233,431.24 |
$4,143,404.53 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$94,000,000.00 |
-$23,500,000.00 |
-$3,760,000.00 |
$66,740,000.00 |
|
Next Drawing: Tue, Sep 19
