Cash Option ($89.4 Million) |
Gross Cash Payment |
37% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$89,400,000.00 |
-$33,038,330.00 |
-$0.00 |
$56,361,670.00 |
Annuity ($176 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
37% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$2,648,976.00 |
-$940,452.00 |
-$0.00 |
$1,708,524.00 |
2 |
$2,781,504.00 |
-$989,487.00 |
-$0.00 |
$1,792,017.00 |
3 |
$2,920,544.00 |
-$1,040,932.00 |
-$0.00 |
$1,879,612.00 |
4 |
$3,066,624.00 |
-$1,094,981.00 |
-$0.00 |
$1,971,643.00 |
5 |
$3,219,920.00 |
-$1,151,701.00 |
-$0.00 |
$2,068,219.00 |
6 |
$3,380,960.00 |
-$1,211,286.00 |
-$0.00 |
$2,169,674.00 |
7 |
$3,549,920.00 |
-$1,273,801.00 |
-$0.00 |
$2,276,119.00 |
8 |
$3,727,504.00 |
-$1,339,507.00 |
-$0.00 |
$2,387,997.00 |
9 |
$3,913,888.00 |
-$1,408,469.00 |
-$0.00 |
$2,505,419.00 |
10 |
$4,109,600.00 |
-$1,480,882.00 |
-$0.00 |
$2,628,718.00 |
11 |
$4,314,992.00 |
-$1,556,877.00 |
-$0.00 |
$2,758,115.00 |
12 |
$4,530,768.00 |
-$1,636,715.00 |
-$0.00 |
$2,894,053.00 |
13 |
$4,757,280.00 |
-$1,720,524.00 |
-$0.00 |
$3,036,756.00 |
14 |
$4,995,232.00 |
-$1,808,566.00 |
-$0.00 |
$3,186,666.00 |
15 |
$5,244,976.00 |
-$1,900,972.00 |
-$0.00 |
$3,344,004.00 |
16 |
$5,507,216.00 |
-$1,998,000.00 |
-$0.00 |
$3,509,216.00 |
17 |
$5,782,480.00 |
-$2,099,848.00 |
-$0.00 |
$3,682,632.00 |
18 |
$6,071,648.00 |
-$2,206,840.00 |
-$0.00 |
$3,864,808.00 |
19 |
$6,375,248.00 |
-$2,319,172.00 |
-$0.00 |
$4,056,076.00 |
20 |
$6,693,984.00 |
-$2,437,104.00 |
-$0.00 |
$4,256,880.00 |
21 |
$7,028,736.00 |
-$2,560,963.00 |
-$0.00 |
$4,467,773.00 |
22 |
$7,380,208.00 |
-$2,691,007.00 |
-$0.00 |
$4,689,201.00 |
23 |
$7,749,104.00 |
-$2,827,499.00 |
-$0.00 |
$4,921,605.00 |
24 |
$8,136,656.00 |
-$2,970,893.00 |
-$0.00 |
$5,165,763.00 |
25 |
$8,543,392.00 |
-$3,121,385.00 |
-$0.00 |
$5,422,007.00 |
26 |
$8,970,720.00 |
-$3,279,497.00 |
-$0.00 |
$5,691,223.00 |
27 |
$9,419,168.00 |
-$3,445,423.00 |
-$0.00 |
$5,973,745.00 |
28 |
$9,890,144.00 |
-$3,619,684.00 |
-$0.00 |
$6,270,460.00 |
29 |
$10,384,704.00 |
-$3,802,671.00 |
-$0.00 |
$6,582,033.00 |
30 |
$10,903,904.00 |
-$3,994,775.00 |
-$0.00 |
$6,909,129.00 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$176,000,000.00 |
-$65,120,000.00 |
-$0.00 |
$110,880,000.00 |
|