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:LOADING.... If the after-tax cost of debt is 10.1% for both companies and the cost of equity is 14.68%, which company has the higher WACC?

Current assets 2,222,222

Long-term assets 7,777,778

Total assets 10,000,000

Current liabilities 1,579,289

Long-term liabilities 5,834,633

Owners' equity 2,586,078

Bonds outstanding:

3,000

selling at

$1,077.52

Common stock outstanding:

260,000

selling at$35.76

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