Holt Enterprises recently paid a dividend, D0, of $3.75. It expects to have nonconstant growth of 13% for 2 years followed by a constant rate of 6% thereafter. The firm's required return is 13%.

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

2 What is the firm's intrinsic value today,P0? Round your answer to two decimal places. Do not round your intermediate calculations.