Holt Enterprises recently paid a dividend, $D_0,$ of $$2\mathrm{.}50.$ It expects to have

nonconstant growth of $19\%$ for $2$ years followed by a constant rate of $4\%$ thereafter.

The firm's required return is $16\%.$

b$.$ What is the firm's horizon, or continuing, value? Do not round intermediate

calculations. Round your answer to the nearest cent.

$

c$.$ What is the firm's intrinsic value today, widehat$(P{)}_0?$ Do not round intermediate

calculations. Round your answer to the nearest cent.

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