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Holt Enterprises recently paid a dividend, D 0 , of $2.00. It expects to have nonconstant growth of 25% for 2 years followed by a

Holt Enterprises recently paid a dividend, D0, of $2.00. It expects to have nonconstant growth of 25% for 2 years followed by a constant rate of 6% thereafter. The firm's required return is 18%.

  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.

    $

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