Holt Enterprises recently paid a dividend, Do, of $1.00. It expects to have nonconstant growth of 16% for 2 years followed by a constant rate of 4% thereafter. The firm's required return is 18%. a. How far away is the horizon date? I. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. II. 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. III. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero. IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. V. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2. -Select- b. What is the firm's horizon, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cent. $ ? Do not round intermediate calculations. Round your answer to the nearest cent. C. What is the firm's intrinsic value today, $ You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.25 a share at the end of the year (D1 = $2.25) and has a beta of 0.9. The risk-free rate is 4.8%, and the market risk premium is 5%. Justus currently sells for $31.00 a share, and its dividend is expected to grow at some constant rate, g. Assuming the ?) Do not market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is round intermediate calculations. Round your answer to the nearest cent. Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $2.00 coming 3 years from today. The dividend should grow rapidly - at a rate of 45% per year - during Years 4 and 5, but after Year 5, growth should be a constant 10% per year. If the required return on Computech is 16%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent