Holt Enterprises recently paid a dividend, De, of $3.25. It expects to have no constant growth of 23 for 2 years followed by a constant rate of 10% thereafter. The firm's required return is 16% a. How far away is the horizon date? 1. The terminal, or horizon, date is the date when the growth rate becomes constant. This cours at the beginning of Year 2 II. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2. mn. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. IV. The terminal, or horizon, date is Year O since the value of a common stock is the present value of all future expected dividends at time zero. V. The terminal, or horizon, date is the date when the growth rate becomes no constant. This occurs at time zero $ 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 firm's intrinsic value today, Po ? Do not round intermediate calculations. Round your answer to the nearest cont, $