Holt Enterprises recently paid a dividend, D₀, of $4.00. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate of 9% thereafter. The firm's required return is 17%.

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

$ 75.89

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

$