Holt Enterprises recently paid a dividend, D₀, of $1.00. It expects to have nonconstant growth of 14% for 2 years followed by a constant rate of 3% thereafter. The firm's required return is 16%.

What is the firm's horizon, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cent.

What is the firm's intrinsic value today, P0 ? Do not round intermediate calculations. Round your answer to the nearest cent.