Holt Enterprises recently paid a dividend, D₀, of $3.50. It expects to have nonconstant growth of 13% for 2 years followed by a constant rate of 7% thereafter. The firm's required return is 10%.

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

   $

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

   $