Rising Sun

Here is a problem from the UKMT Senior (17-18 year-old) Mathematics Challenge for 2012:

“A semicircle of radius r is drawn with centre V and diameter UW. The line UW is then extended to the point X, such that UW and WX are of equal length. An arc of the circle with centre X and radius 4r is then drawn so that the line XY is tangent to the semicircle at Z, as shown. What, in terms of r, is the area of triangle YVW?”

Answer.

See the Rising Sun for solutions.