 Solution

A Hohmann transfer orbit connects two coplanar circular orbits using two tangential, effectively instantaneous velocity changes. Take outward transfer radii $r_2>r_1$, and write ${\mu }_g=GM$ for the central body's gravitational parameter. The intervening ellipse has periapsis $r_1$, apoapsis $r_2$, semimajor axis $a_t=(r_1+r_2)/2$ and orbital eccentricity $e=(r_2-r_1)/(r_1+r_2)$.

The circular speed is $\sqrt{{\mu }_g/r}$. Conservation of orbital energy gives the vis-viva equation $v^2={\mu }_g(2/r-1/a_t)$. Therefore the transfer speeds at the two impulses areThe first prograde impulse raises the far side of the orbit; the second prograde impulse raises the near side to circularize at $r_2$. Their magnitudes areThe transfer takes half an ellipse period. Kepler's third law givesFor inward transfer the same ellipse is traversed from apoapsis to periapsis and both burns are retrograde. A rendezvous also needs the correct initial phase of the target: for outward transfer its initial angular lead is $\pi -\sqrt{{\mu }_g/r_2^3}{t}_t$ modulo $2\pi$. The method assumes a two-body gravitational field, negligible atmospheric drag and burns short compared with an orbit. It is an economical two-impulse transfer between these circles; it is not universally the least-$\Delta v$ transfer if additional impulses and very large intermediate radii are permitted.