$1.$ Does it make sense for CPP to acquire Pinkerton? How will they create value post$-$acquisition?

$2.$ Does bidding $$100$ million for Pinkerton make sense?$$

$3.$ If Wathen proceeds with the $$100$ million bid, how should be financing be raised? What are the risks and benefits with the two financing options?

If you would like to calculate a valuation, you can use the projections of the expected and pessimistic cases prepared by the task force $($on the pre$-$class spreadsheet$).$ If you do a valuation, please use a $14\%$ discount rate and assume that the company$$s terminal value in any given year is $12$ times the cash flow in that year.