Hart Enterprises recently paid a dividend of $3.00. It expects to have nonconstant growth of 35.00% for 3 years followed by a constant rate of 7.00% thereafter. The firm's required return is 12.00%.

a. What is the horizon, or continuing, value?

b. What is the intrinsic value today?

Question 15 options:

	a)$160.956; b)$125.658
	a)$157.956; b)$165.337
	a)$160.956; b)$165.337
	a)$157.956; b)$125.658