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Trout, Inc Current assets: $3,333,333 Long-term assets: $11,666,667 Total assets: Current liabilities: $1,713,911 Long-term liabilities: $8,461,204 Owners' equity: $4,824,885 $15,000,000 Salmon Enterprises Bonds outstanding: 3,000

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Trout, Inc Current assets: $3,333,333 Long-term assets: $11,666,667 Total assets: Current liabilities: $1,713,911 Long-term liabilities: $8,461,204 Owners' equity: $4,824,885 $15,000,000 Salmon Enterprises Bonds outstanding: 3,000 selling at $1,047.85 Common stock outstanding: 260,000 selling at $41.76 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 3% r bo co panies and he cost of a s 75 , which has the higher WACC? What is the book value adjusted WACC for Trout, Inc.? % (Round to two decimal places.)

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