What is the value of CP's revised offer on December 8 (before CP "sweetened" its offer by adding the CVR security)? In your analysis, assume the following: a. A valuation date of December 31, 2015, and year-end cash flows; b. The stand-alone (pre-merger) values of CP and NS are $134 and $80 per share, respectively; c. NS shareholders approve the merger and the Surface Transportation Board (STB) approves it; d. Investors expect 100% of projected merger benefits to be realized. What is the value if investors expect none of the projected merger benefits to be realized? e. NS must debt finance 100% of the cash portion of the revised offer ($32.86 per share)