Book value versus market value components. Compare Trout, Inc. with Salmon Enterprises, using the balance sheet of Trout and the market data of Salmon for the weights in the weighted average cost of capital, If the after-tax cost of debt is 10.4% for both companies and the cost of equity is 14.75%, which company has the higher WACC?

Trout, Inc.
Current assets:	$2,222,222	Current liabilities:	$1,073,203
Long-term assets:	$7,777,778	Long-term liabilities:	$6,222,768
Total assets:	$10,000,000	Owners' equity:	$2,704,029
Salmon Enterprises
Bonds outstanding: 3,000 selling at $1,089.74
Common stock outstanding: 260,000 selling at $41.36