Holt Enterprises recently paid a dividend, De of $3.50. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate of 7 thereafter. The firm's required return is 16% a. How far away is the horizon date? 1. The terminal, or hortion date is the date when the growth rate becomes constant. This occurs at the end of Year 2 11. The terminal, or horizon, dates Infinity since common stocks do not have a maturity date III. The terminal, or horizon, date is Ypar. O since the value of a common stock is the present value of all future expected dividends at time zero. IV. The terminal, or horizon, dat is the date when the growth rate becomes no constant. This occurs at time rere V. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2 6. What is the firm's horton, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cent c. What is the firm's intrinsic value today, P. ? Do not round intermediate calculations, Round your answer to the nearest cent