The following information for two companies which trade in a Miller and Modigliani world is provided:

Investor X holds $100$ shares in Company A$.$

Required:

$1.$ Calculate the WACC for Company A and Company B$.$

$2.$ Determine if shareholder X is adequately compensated for financial risk.

$3.$ Calculate the correct value for company A shares, assuming that company B shares are correctly valued. $\backslash$table$[[,$Company A$,$Company B$],[$K$\_($e$),20\%,18\%],[$K$\_($d$),12\%,-],[$Dividends$,200000,432000],[$Interest after tax,$150000,-],[$Shares$,1000,1000]]$