Holt Enterprises recently paid a dividend, D0, of $1.25. It expects to have nonconstant growth of 18% for 2 years follow

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Holt Enterprises recently paid a dividend, D0, of $1.25. It
expects to have nonconstant growth of 18% for 2 years followed by a
constant rate of 4% thereafter. The firm's required return is 14%.
How far away is the horizon date? The terminal, or horizon, date is
infinity since common stocks do not have a maturity date. The
terminal, or horizon, date is Year 0 since the value of a common
stock is the present value of all future expected dividends at time
zero. The terminal, or horizon, date is the date when the growth
rate becomes nonconstant. This occurs at time zero. The terminal,
or horizon, date is the date when the growth rate becomes constant.
This occurs at the beginning of Year 2. The terminal, or horizon,
date is the date when the growth rate becomes constant. This occurs
at the end of Year 2. What is the firm's horizon, or continuing,
value? Do not round intermediate calculations. Round your answer to
the nearest cent. $ What is the firm's intrinsic value today, ? Do
not round intermediate calculations. Round your answer to the
nearest cent. $