Holt Enterprises recently paid a dividend, D0, of $3.25. It expects to have nonconstant growth of 15% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 19%. 1) How far away is the horizon date? IV The terminal, or horizon, date is Year 0 since the value of a common stock is the present value of all future expected dividends at time zero. The terminal, or horizon, date is the date

2)

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

$ [ Select ] ["33.56", "37.25", "32.24", "34.8"]

3)

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

$ [ Select ] ["27.96", "28.94", "32.24", "25.6"]