Hoit Enterprises recently paid a dividend, Do, of $2.00. It expects to have no constant growth of 1 for 2 years followed by a constant rate of 9% thereafter. The firm's required return is 189 a. How far away is the hormon date? 1. The terminal, or hatron, dat is infinity since common stocks do not have a maturity date 1. The terminal, or horizon, dat is Year since the value of a common stock is the present value of all future expected dividends at time zero III. The terminal, or horizon, dat is the date when the growth rate becomes no constant. This occurs at timerero TV. The terminal, or horizon, dat is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. V. The terminal, or hortron, date is the date when the growth rate becomes constant. This occurs at the end of Year 2. Select b. What is the firm's horizon, or continuing, value? Do not round Intermediate calculations. Round your answer to the nearest cent $ 5. What is the firm's intrinsic value today, Do not round intermediate calculations: Round your answer to the nearest cent