Title: A variable ULX and possible IMBH candidate in M51a Author: Hannah M. Earnshaw, Timothy P. Roberts, Lucy M. Heil, Mar Mezcua, Dominic J. Walton, Chris Done, Fiona A. Harrison, George B. Lansbury, Matthew J. Middleton, Andrew D. Sutton
ULX-7, in the northern spiral arm of M51, demonstrates unusual behaviour for an ultraluminous X-ray source, with a hard X-ray spectrum but very high short-term variability. This suggests that it is not in a typical ultraluminous state. We analyse the source using archival data from XMM-Newton, Chandra and NuSTAR, and by examining optical and radio data from HST and VLA. Our X-ray spectral analysis shows that the source has a hard power-law spectral shape with a photon index Gamma~1.5, which persists despite the source's X-ray luminosity varying by over an order of magnitude. The power spectrum of the source features a break at ~7x10^-3 Hz, from a low-frequency spectral index of alpha_1=0.1^{+0.2}_{-0.1} to a high-frequency spectral index of alpha_2=0.7^{+0.1}_{-0.3}, making it analogous to the low-frequency break found in the power spectra of low/hard state black holes (BHs). We can take a lower frequency limit for a corresponding high-frequency break to calculate a BH mass upper limit of 1.6x10^3 solar masses. Using the X-ray/radio fundamental plane we calculate another upper limit to the BH mass of 3.5x10^4 solar masses for a BH in the low/hard state. The hard spectrum, high rms variability and mass limits are consistent with ULX-7 being an intermediate-mass BH; however we cannot exclude other interpretations of this source's interesting behaviour, most notably a neutron star with an extreme accretion rate.