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Hart Enterprises recently paid a dividend, Do of $1.75. It expects to have nonconstant growth of 22% for 2 years followed by a constant rate

Hart Enterprises recently paid a dividend, Do of $1.75. It expects to have nonconstant growth of 22% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 12%.

a): What is the firm's horizon, or terminal, value?

b): What is the firm's intrinsic value today, Po?

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