Holt Enterprises recently paid a dividend, D 0 , of $3.25. It expects to have nonconstant growth of 12% for 2 years followed by a constant rate of 10% thereafter . The firm's required return is 13%. a. How far away is the horizon date ? The terminal , or horizon, date is the date when the growth rate becomes nonconstant . This occurs at time zero. II. The terminal, or horizon , date is the date when the growth rate becomes constant . This occurs at the beginning of Year 2 . III. The terminal , or horizon, date is the date when the growth rate becomes constant . This occurs at the end of Year 2 IV. The terminal , or horizon , date is Infinity since common stocks do not have a maturity date . V. The terminal , or horizon , date is Year since the value of a common stock is the present value of all future expected dividends at time zero. -Select b. What is the firm's hozon , or continuing , value ? Do not round intermediate calculations . Round your answer to the nearest cent! is the firm's intrinsic value today , hat P 0 ? not round intermediate calculations Round your answer to the nearest cent .