1. Problem 9.04 (Nonconstant Growth Valuation) ebook Problem Walk-Through Holt Enterprises recently palda dividend, De, of $1.75. It expects to have nonconstant growth of 12% for 2 years followed by a constant rate at 4thereafter. The firm's required return is 10% 3. How far away is the horizon date? 1. The terminal, or horton, dote is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. II. The terminal, or hortcon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 III. The terminal, or honzon, date is infinity since common stocks do not have a maturity date. IV. The terminal, or horizon, date is Year since the value of a common stock is the present value of all tuture expected dividends at time zoro V. The terminal, or horizon, date is the date when the growth rate becomes no constant. This occurs at time zero, Select b. What is the firm's horizon, or continuing, value? Do not round Intermediate calculations, Round your answer to the nearest cant. 5 c. What is the firm's intrinsic value today, Po 2. Do not round intermediate calculations, Round your answer to the nearest cont