Please help me answer question 5a ONLY

Case Corp and Western Tech are two identical companies except for their capital structures. Neither firm pays taxes. Case Corp is unlevered and has 7,500 shares outstanding, each worth $25. Western Tech is levered and has $45,000 in debt at a cost of debt of Rd = 10%. 1. How much are the assets of Case Corp worth? (1 pts) a. 7,500 shares * $25/share = $187,500 2. How much are the assets of Western Tech worth? (1 pts) a. $187,500- based on proposition 1 of M&M Theory "the value of a firm is independent of its capital structure," since these are 2 identical companies. 3. What is Western Tech's value of equity? (1 pts) a. Under proposition 1 Assets Debt + Equity, 187,500 = 45,000 + equity so equity equals $ 142,500 4. How much would it cost to buy 50% of the total equity of each company? (1 pts) a. 50% * 187,500 = $93,750 for 50% equity in Case Corp 50% * 142,500 = $71,250 for 50% equity in Western Tech 93,250 + 71,250 = $164,500 To buy 50% equity in both 5. Is Western Tech more risky than Case Corp? Please explain. (1 pts) a. more risky for who