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:	$1,777,778	Current liabilities:	$1,493,768
Long-term assets:	$6,222,222	Long-term liabilities:	$4,462,578
Total assets:	$8,000,000	Owners' equity:	$2,043,654
Salmon Enterprises
Bonds outstanding: 3,000 selling at $1,046.45
Common stock outstanding: 260,000 selling at $34.86

If the after-tax cost of debt is 10.8% for both companies and the cost of equity is 15.97%, which company has the higher WACC? Please show how to find book value adjusted and market value adjusted for the two companies.