Compare Amazon Lite with Mutual Insurance using the following balance sheet information and calculate their WACC. Amazon Current Assets $2,000,000 Current Liabilities $1,000,000 Fixed Assets $7,000,000 Long-term Liabilities $5,000,000 Total Assets $9,000,000 Owners Equity $3,000,000 Mutual Insurance 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% for Amazon and 13% for Mutual, which company has the highest WACC?