*. Hew far suray is the hortaon date? 1. The teminal, or horfion, dote is Year Q slnce the value of a commen stock is the prosent yal of of all futuse expected dividends at time aero. 11. The tarrical, or horitan, bate is the date when the grouth rate becomer nonconstant. This eccurs at time aero. 4 oit Enterprises recently paid a dividend, Dor of $1.75, it expects to have nonconstant growth of 21% for 2 years followed by a constant rate of 3% thereafter. he firm's required return is 8%. a. How far away is the horizon date? 1. 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. II. The terminal, or horizon, date is the date when the orowth rate becomes nonconstant. This occurs at time zero. III. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the boginning of Year 2 . IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2. W. The terminal, or honzon, date is infinity since common stocks do not have a maturity bate. 6. What is thie firm's horizon, of continuing, value? Do not roped intermediate caiculations. Round your answer to the nearest cent. c. What is the firmis interinale value todav. P^e Do not round intermediate colculationi. Found your answer to the reareat cent