Book value versus market value components. Compare Trout, Inc. with Salmon Enterprises, using the following balance sheet of Trout and the market data of Salmon for the weights in the weighted average cost of capital. Salmon Enterprises Bonds outstanding: 3,000 selling at $980 Common stock outstanding: 260,000 selling at $23.40 If the after-tax cost of debt is 8% for both companies and the cost of equity is 12%. which company has the higher WACC