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 7.9% for both companies and the cost of equity is 13.43%, which company has the higher WACC? What is the book value adjusted WACC for Trout, Inc.? (Round to two decimal places.)

What is the book value adjusted WACC for Trout, Inc.?

What is the book value adjusted WACC for Salmon Enterprises?

Trout Inc.

Current assets 2,666,667 Long-term assets 9,333,333 Total assets 12,000,000 Current liabilities 1,610,709 Long-term liabilities 6,890,360 Owners' equity 3,498,931

Salmon Enterprises

Bonds outstanding:3,000 selling at $1,033.78

Common stock outstanding:260,000selling at $36.36

(Round to two decimal places.)