This paper investigates the recent transient M31LRN 2015 in the Andromeda galaxy. We analyze published optical photometry and spectroscopy along with a Hubble Space Telescope detection of the color and magnitude of the pre-outburst source. Using these data, we determine that the transient outburst is caused by dynamically driven ejecta at the onset of a common envelope episode, which eventually leads to the complete merger of a binary system. Just prior to merger, we find that the primary star is a $3-5.5 M_\odot$ sub-giant branch star with radius of $30-40R_\odot$. Its position in the color-magnitude diagram shows that it is growing in radius to eventually engulf its companion. By matching the properties of the binary system to the transient outburst, we show that the light curve contains two components: first $10^{-2} M_\odot$ of fast ejecta driven by shocks at contact in between the primary and secondary, and later, $0.2 M_\odot$ of slower ejecta as the secondary becomes more deeply engulfed within the primary. The optical transient lasts less than ten orbits of the original binary, which had a pre-merger period of $\sim 10$ days. We also use the orbital dynamics leading up to merger to place constraints on the unseen secondary star, we find that it is likely to be a lower mass main sequence star of $0.1-0.6M_\odot$. This analysis represents a promising step toward a more detailed understanding of flows in common envelope episodes through direct observational constraints.
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