Cash Option ($62.3 Million) |
Gross Cash Payment |
37% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$62,300,000.00 |
-$23,011,330.00 |
-$0.00 |
$39,288,670.00 |
Annuity ($139 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
37% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$2,092,089.00 |
-$734,403.00 |
-$0.00 |
$1,357,686.00 |
2 |
$2,196,756.00 |
-$773,130.00 |
-$0.00 |
$1,423,626.00 |
3 |
$2,306,566.00 |
-$813,760.00 |
-$0.00 |
$1,492,806.00 |
4 |
$2,421,936.00 |
-$856,447.00 |
-$0.00 |
$1,565,489.00 |
5 |
$2,543,005.00 |
-$901,242.00 |
-$0.00 |
$1,641,763.00 |
6 |
$2,670,190.00 |
-$948,301.00 |
-$0.00 |
$1,721,889.00 |
7 |
$2,803,630.00 |
-$997,673.00 |
-$0.00 |
$1,805,957.00 |
8 |
$2,943,881.00 |
-$1,049,566.00 |
-$0.00 |
$1,894,315.00 |
9 |
$3,091,082.00 |
-$1,104,031.00 |
-$0.00 |
$1,987,051.00 |
10 |
$3,245,650.00 |
-$1,161,221.00 |
-$0.00 |
$2,084,429.00 |
11 |
$3,407,863.00 |
-$1,221,240.00 |
-$0.00 |
$2,186,623.00 |
12 |
$3,578,277.00 |
-$1,284,293.00 |
-$0.00 |
$2,293,984.00 |
13 |
$3,757,170.00 |
-$1,350,483.00 |
-$0.00 |
$2,406,687.00 |
14 |
$3,945,098.00 |
-$1,420,017.00 |
-$0.00 |
$2,525,081.00 |
15 |
$4,142,339.00 |
-$1,492,996.00 |
-$0.00 |
$2,649,343.00 |
16 |
$4,349,449.00 |
-$1,569,627.00 |
-$0.00 |
$2,779,822.00 |
17 |
$4,566,845.00 |
-$1,650,063.00 |
-$0.00 |
$2,916,782.00 |
18 |
$4,795,222.00 |
-$1,734,563.00 |
-$0.00 |
$3,060,659.00 |
19 |
$5,034,997.00 |
-$1,823,279.00 |
-$0.00 |
$3,211,718.00 |
20 |
$5,286,726.00 |
-$1,916,419.00 |
-$0.00 |
$3,370,307.00 |
21 |
$5,551,104.00 |
-$2,014,239.00 |
-$0.00 |
$3,536,865.00 |
22 |
$5,828,687.00 |
-$2,116,945.00 |
-$0.00 |
$3,711,742.00 |
23 |
$6,120,031.00 |
-$2,224,742.00 |
-$0.00 |
$3,895,289.00 |
24 |
$6,426,109.00 |
-$2,337,991.00 |
-$0.00 |
$4,088,118.00 |
25 |
$6,747,338.00 |
-$2,456,845.00 |
-$0.00 |
$4,290,493.00 |
26 |
$7,084,830.00 |
-$2,581,717.00 |
-$0.00 |
$4,503,113.00 |
27 |
$7,439,002.00 |
-$2,712,761.00 |
-$0.00 |
$4,726,241.00 |
28 |
$7,810,966.00 |
-$2,850,388.00 |
-$0.00 |
$4,960,578.00 |
29 |
$8,201,556.00 |
-$2,994,906.00 |
-$0.00 |
$5,206,650.00 |
30 |
$8,611,606.00 |
-$3,146,625.00 |
-$0.00 |
$5,464,981.00 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$139,000,000.00 |
-$51,430,000.00 |
-$0.00 |
$87,570,000.00 |
|