Hoit Enterprises recently paid a dividend, D0, of $2.00. It expects to have nonconstant growth of 19% for 2 years followed by a constant rate of thereafter. The firm's required return is 13%. a. How for 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 divider time zero. 11. The terminal, or horizon, date is the date when the growth 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 beginning 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. V. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. terprises recently paid a dividend, D0 of $2.00. It expects to have nonconstant growth of 19% for 2 years followed by a constant rate of 5% ter. The firm's required return is 13%. a. How far away is the horizon date? t. The terminal, or horizon, date is Year 0 since the value of a common stock is the present value of all future expected dividends a: time zero. II. The terminal, or horizon, date is the date when the growth 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 beginning 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. V. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. b. What is the firm's horizon, or continuing, valud? Do not round intermediate calculations. Round your answer to the nearest cent. c. What is the firm's intrinsic value today, P0? Do not round intermediate calculations, Round your answer to the nearest cent