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actual cost to the Railroad Company of producing, transmitting and delivering such water to the Water Company and to the Railroad Company plus a return to the Railroad Company upon the property of the Railroad Company used and useful in the production, transmission and delivery of such water, including an amount sufficient to defray federal income taxes of the Railroad Company upon the amounts chargeable to the boater Company for the services of the Railroad Company. The error committed by the Commission was in disregarding evidence and relying upon erroneous facts obtained outside the rec ord in computing the Joint Facility Rents allowed by the Commission. The most important single factor in this computation is the rate base of the Railroad Company. The only evidence offered with respect to the rate base of the Railroad Company was that offered by the Water Company. Mr. Roy A Wehe, who testified for the Water Company, pointed out that the Investment Cost figures for the water production facilities of the Railroad Company, exclusive of land, shown in Exhibits A and B were the costs of such property recorded on the books for the Railroad Company. (Exhibit A, p ages 30 and 31; April transcript, pages 52 to 57) Table Vll-b appended to Exhibit B shows that the undepreciated Investment Cost of water production facilities, including 679*42 acres of water-bearing land of the Railroad Company, was $792,375*00 as of December 31> 1950. Mr. L. R. Maag, Assistant Industrial Engineer, who had just completed a detailed inventory of the water production properties of the Railroad Company described the extent of and -28-