The proportion of each cost of capital component in the capital structure is equal to:
Proportion in the capital structure =
[GRAPHIC] [TIFF OMITTED] TR01JN95.002
Where: ``Book Value of particular component'' is the total of the book values
of that component for all local exchange carriers with annual
revenues equal to or above the indexed revenue threshold as
defined in Sec. 32.9000.
``Book Value of Debt + Book Value of Preferred Stock + Book Value of Equity'' is the total of the book values of all the components for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in Sec. 32.9000. The total of all proportions shall equal 1.00. [60 FR 28545, June 1, 1995, as amended at 67 FR 5702, Feb. 6, 2002]