Holt Enterprises recently paid a dividend, D₀, of $1.75. It expects to have nonconstant growth of 15% for 2 years followed by a constant rate of 10% thereafter. The firm's required return is 11%.

1. What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations. $
2. What is the firm's intrinsic value today, P₀? Round your answer to two decimal places. Do not round your intermediate calculations. $