7. Quantifying Synergies: Your team estimated the following changes to LNK's financials due to the proposed acquisition compared to the base case scenario in Part 5. A once-off integration expense of $480 million in Year 1. An improved EBITDA margin to the extent of 2.5% pa (the annual EBITDA margin post-acquisition is 2.5% higher than the pre-acquisition EBITDA margin) from Year 2. A reduced Capital Expenditure margin by 1.5% pa (the annual Capital Expenditure margin post-acquisition is 1.5% less than the pre-acquisition margin) from Year 2. o What is the estimated with-synergy value per share for LNK considering the above changes? Assume that all other inputs into the valuation model including projected growth rate(s) remain unchanged. o Does this with-synergy value per share justify the 18 December 2023 offer of $2.10 per share?