kindly need answer

QUESTION THREE a) Two companies Uriah and Lille belong to the same class. These firms are similar in every respect except that Uriah Ltd is unlevered while Lille firm has 12% debentures of Ksh.5,000,000. The other relevant information regarding their valuation and capitalization rates are as follows. The net operating income for firms is Ksh1,000,000. The equity capitalization rate for Uriah firm is 16% while that of Lille firm is 20%. i. Find the value of both firms and their overall cost of capital (4 marks) ii. An investor owns 10% equity shares of company Lille. Show the process of arbitrage and the amount by which he could reduce his outlay through the use of arbitrage process ( 4 marks) iii. At what time will the arbitrage process come to an end? Discuss (1 mark)