Holt Enterprises recently paid a dividend, De, of $3.00. It expects to have nonconstant growth of 17% for 2 years followed by a constant rate of 6% thereafter. The firm's required return is 14% How far away is the horizon date? 1. The terminal, or horizon, date is the date when the growth rate becomes no constant. This occurs at time zero. 11. The terminal, or horizon, dat is the date when the growth rate becomes constant. This occurs at the beginning of Year 2 II. The terminal, or hortcon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 TV. 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 sero, Select b. What is the firm's horizon, or continuing value? Do not round intermediate calculations, Round your answer to the nearest cent. c. What is the menu interme value today, Por do not round Intermediate curculation, Round your answer to the nocaut cont