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. Trout Inc. Current Assets: $2,000,000 Current Liabilities: $1,000,000 Long-term Assets: $7,000,000 Long-Term Liabilities: $5,000,000 Total Assets $9,000,000 Owners Equity: $3,000,000 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 highest WACC?